Capital Improvement Program FY 11
General Debt
General Debt/Capital Improvement Program Expenditure and Revenue Summary
A. Expenditure by Program 1 Debt Service Total Expenditures B. Funding Sources 1 Revenue from Use of Money 2 Revenue from Commonwealth 3 Transfers In Total Designated Funding Sources Reserve for ADC Variable Rate Note Principal Payment in FY 2010 Net General Tax Support
FY 09 Approp $43,865,051
FY 09 Actual $39,566,489
FY 10 Adopted $49,436,428
FY 11 Base $48,752,128
$43,865,051
$39,566,489
$49,436,428
$48,752,128
$677,375 $0 $3,073,148 $3,750,523
$750,524 $15,116,223 $2,782,218 $18,648,965
$677,375 $0 $2,799,833
% Change Adopt 10/ Base 11 -1.38% -1.38%
$677,375 $0 $2,531,409
0.00% 0.00% -9.59%
$3,477,208
$3,208,784
-7.72%
$45,959,220
$45,543,344
-0.90%
$15,116,223 $40,114,528
$36,033,747
FY 11 General Debt and CIP Cash Investment by Strategic Goal Area
Other 6.2%
Economic Development/ Transportation 12.1% Public Safety 5.1%
Education 76.5%
Prince William County | Proposed 2011 Budget
[General Debt/CIP]
569
General Debt Capital Improvement Program Trends The following chart highlights the funds allocated to County and Schools projects through twelve CIPs. During this time period, the smallest CIP was in FY 00-05, with a total of $457.5 million, and the CIP peaked in FY 07-12, with a total of $1.2 billion. The split between County and Schools projects varies with each CIP, depending on the needs at hand. The highest proportion of funds to County projects occurred in FY 07-12, when the CIP allocated $837 million (69%) to County projects, and the lowest proportion occurs in FY 10-15, when the CIP was $773.7 million and $142.1 million (18%) was allocated to County projects.
County/Schools CIP Split $1,300 $1,200 $1,100 $1,000 $900
$700
County Schools
$600 $500 $400 $300 $200 $100
570
[General Debt/CIP]
FY 10 Pr -1 op 5 os ed FY 11 -1 6
14 FY 09 -
13 FY 08 -
12 FY 07 -
11 FY 06 -
10 FY 05 -
09 FY 04 -
08 FY 03 -
07 FY 02 -
06 FY 01 -
05
$0 FY 00 -
Millions
$800
Prince William County | Proposed 2011 Budget
General Debt Debt Management in Prince William County I.
General Debt
The County’s General Debt budget includes principal and interest payments on outstanding debt repaid from the General Fund. Debt service payments of the school system and self-supporting revenue bonds are included in the respective budgets of the school system and of the various enterprises. General Fund debt maintenance expenditures will be higher in FY 11 than in FY 10. Most General Debt obligations for the County are structured with level principal, thereby reducing the debt service payments annually. However, with new debt issuance in FY 10 supported by the General Fund, the overall debt payments increase.
II.
Major Issues
Please note: Additional information on capital improvement projects can be found in the FY 2011-2016 Capital Improvement Program document available online at http://www.pwcgov.org/ budget.
A. Existing Debt - The amount of FY 11 debt
service on financing issued prior to FY 11, including the Superintendent’s Proposed Schools CIP, is $107,691,055. The County’s portion of debt service on financing issued prior to FY 11 is $249,504 more than was anticipated in the Five-Year Plan.
B. Commonwealth Reimbursement - In FY 09 the Commonwealth sent the County the first reimbursement for part of the Adult Detention Center (ADC) expansion construction expenses. The Financing Agreement, under which the construction funds were borrowed, requires these funds to be used to repay outstanding principal on this financing. To do so these funds from the Commonwealth were placed in a reserve for use in FY 10. After FY 09 ended, these funds were appropriated by the Board and were paid against the outstanding principal balance of the variable rate notes issued as part of the financing for the ADC expansion project. These funds were not available for any other purpose. The reimbursements from the Commonwealth were completely expended on January 4, 2010.
Prince William County | Proposed 2011 Budget
C. Other Debt Service Costs - Other debt service costs for FY 11, such as trustee fees, are $100,000.
D. Projects Planned for Debt Financing in Fiscal Year 2011 1. Prince William County Schools - According to the Superintendent’s Proposed Schools CIP, $58,096,000 will be sold in FY 11 to finance work during FY 12 on Silver Lake Middle School, Nokesville Elementary School, the replacement of the Pace West Building, Swans Creek and Westridge Elementary Schools’ additions, Stonewall Elementary School, a 30 room addition to Potomac High School, and a bus parking lot.
§ Service
Level Impact - New and renovated facilities will provide capacity needed to meet increased demands due to population growth.
E. Other Debt Issues - The County has an agreement
with George Mason University and the City of Manassas to share the cost of debt issued for the construction of the Hylton Performing Arts Center located in INNOVATION @ Prince William. The County’s share is $1.75 million in FY 11 and $1.9 million annually, FY 12-15, $1.35 million more than was anticipated in the Five-Year Plan. Debt service savings from FY 09 and FY 10 allow for an additional contribution to the Hylton Performing Arts Center of $200,000 in FY 11 and FY 12. The Arts Center will increase the County’s access days from 8 to 19, allowing each high school one day of access to the facility.
III. Future Debt Issuance for Major Projects
A. Prince William County Schools - In addition
to the $58,096,000 of debt to be sold in FY 11, $367,713,000 will be sold in FY 12 through FY 16 to finance ten school additions, two school replacements/ renewals, ten new schools, and one bus parking lot.
[General Debt/CIP]
571
General Debt IV.
Additional CIP Funding
A. Recordation Revenue - Recordation revenue is
generated when deeds are recorded in the County. Recordation revenue will support the debt service on Linton Hall Road, Ridgefield Road and Spriggs Road.
B. Transportation Reserve - The Transportation
Reserve will support the Transportation and Roadway Improvement Program (TRIP), providing funds for small transportation-related improvement in each magisterial district.
V.
Bond Rating
Efforts have been made over the past several years to enhance the County’s rating for general obligation bonds. In October 2004, these efforts succeeded when Fitch (a credit rating agency) upgraded all of the County’s General Obligation debt from AA+ to AAA. AAA ratings are awarded to less than 1% of local governments in the United States. The other credit rating agency that evaluates the County’s creditworthiness is Moody’s Investors Service. Moody’s left its rating of the County’s credit unchanged at AA+; this is also an exceptionally high credit rating. These bond ratings serve as a statement of a locality’s economic, financial and managerial condition and represent the business community’s assessment of the investment quality of a local government. Highly rated bonds are more attractive and are more competitive in the market and thereby help lower the County’s interest costs.
VI. Debt Management Policy Statement Proper Debt Management provides a locality and its citizens with fiscal advantages. The State does not impose a debt limitation on the County, however, a debt policy has been adopted by the Board to ensure that no undue burden is placed on the County and its taxpayers. The following administrative policies provide the framework to limit the use of debt in Prince William County: The County will maintain a high credit rating in the financial community to: 1) assure the County’s taxpayers that the County government is well managed and financially sound; 2) obtain reduced borrowing costs. The County will consider long-term debt financing when appropriate.
572
[General Debt/CIP]
5.01 The County will consider the project and its useful life and utilize the most appropriate method to finance the project. Financing may include debt financing or “pay as you go” or other financing sources. 5.02 Whenever the County finds it necessary to issue tax supported bonds, the following policy will be adhered to: a) Tax supported bonds will, whenever feasible, be issued on a competitive basis unless market conditions favor negotiated sales. b) Average weighted maturities for general obligation bonds of the County, and whenever possible for any type of annual appropriation debt, will be maintained at ten and one half (10 1/2-) years. c) General obligation bond issues, and whenever possible for any type of annual appropriation debt, will be structured to allow an equal principal amount to be retired each year over the life of the issue thereby producing a total debt service with an annual declining balance. d) Annual tax supported debt service expenditures for all debt of the County shall not exceed 10% of annual revenues. e) Total bonded debt will not exceed 3% of the net assessed valuation of taxable real and personal property in the County. f ) Bond financing will be confined to projects which would not otherwise be financed from current revenues. g) The term of any bond note or lease obligation issue will not exceed the useful life of the capital project/ facility or equipment for which the borrowing is intended. 5.03 The County shall comply with all U.S. Internal Revenue Service rules and regulations regarding issuance of tax exempt debt including arbitrage rebate requirements for bonded indebtedness, and with all Securities and Exchange Commission requirements for continuing disclosure of the County’s financial condition, and with all applicable Municipal Securities Rulemaking Board requirements. 5.04 The County shall comply with all requirements of the Public Finance Act as included in Title 15.2 of the Code of Virginia and other legal requirements regarding the issuance of bonds and certificates of the County or its debt issuing authorities.
Prince William County | Proposed 2011 Budget
General Debt 5.05 The County shall employ the “Principles of Sound Financial Management” in any request from a County agency or outside jurisdiction or authority for the issuance of debt. 5.06 The issuance of variable rate debt by the County will be subject to the most careful review and will be issued only in a prudent and fiscally responsible manner. 5.07 The County will adhere to the following guidelines when it finds it necessary to issue revenue bonds, a) For any bonds or lease anticipation or appropriation debt in which the debt service is partially paid from revenue generated by the project and partially paid from tax sources, the portion of the bond or lease to the extent that its debt service is paid from non tax sources shall be deemed to be revenue bonds and are excluded from the calculation of the annual debt service limitation in Policy 5.02d and 5.02e. b) Revenue bonds of the County and any of its agencies will be analyzed carefully by the Department of Finance for fiscal soundness. The issuance of County revenue bonds will be subject to the most careful review and must be secured by covenants sufficient to protect the bondholders and the credibility of the County. c) Revenue bonds will, whenever feasible, be issued on a competitive basis and will be structured to allow an approximately equal annual debt service amount over the life of the issue. d) Reserve funds, when required, will be provided to adequately meet debt service requirements in the subsequent years. e) Interest earnings on the reserve fund balances will only be used to pay debt service on the bonds. f ) The term of any revenue bond or lease obligation issue will not exceed the useful life of the capital project or equipment for which the borrowing is intended. 5.08 The County will not use debt financing to fund current operations. 5.09 The County does not intend to issue bond anticipation notes (BANs), tax anticipation notes (TANs), or revenue anticipation notes (RANs) for a period longer than two years. If the BAN is issued for a capital project, the BAN will be converted to a long-term bond or redeemed at its maturity.
Prince William County | Proposed 2011 Budget
[General Debt/CIP]
573
General Debt Debt Capacity
Debt Service Capacity - County & Schools Debt Service Capacity - County & Schools
The Debt Service Capacity chart highlights the County’s current debt service obligations with the addition of the County Capital Improvement Program (CIP) projects. The County’s future debt service averages 9.1% of total revenues in FY 11-16. The CIP is projecting issuance of school debt only throughout FY 11-16.
12.00%
10.00%
8.00% CIP Debt Service
6.00%
Existing Debt Service
4.00%
10% of Total Revenues
2.00%
0.00% 2011
2012
2013
2014
2015
2016
Fiscal Years
Debt Outstanding as Percent of Assessed Value
Debt as a Percentage of Assessed Value
Outstanding Debt as a % of Assessed Value
3.5%
The graph to the right illustrates the County’s success in maintaining the debt level below 3% of the net assessed valuation of taxable property in the County as set forth in the County’s Principles of Sound Financial Management.
3.0%
2.5% CIP Debt as a % of Assessed Value
2.0% Existing Debt as a % of Assessed Value
1.5% 3% of Assessed Value
1.0%
0.5%
0.0% 2011
2012
2013
2014
2015
2016
Fiscal Years
Debt Service Capacity - County & Schools Debt Service Capacity - County & Schools
Debt Service $180,000 $160,000 $140,000 $120,000
$ 000's
The graph to the right illustrates the County’s and the School’s total debt service obligation in principal and interest payments over the next six years. The tables on the next three pages include debt service payments for the County’s and the Schools’ debt service projections through FY 16.
$100,000
CIP Debt Service
$80,000 Existing Debt Service
$60,000 10% of Total Revenues
$40,000 $20,000 $0,000 2011
2012
2013
2014
2015
2016
Fiscal Years
574
[General Debt/CIP]
Prince William County | Proposed 2011 Budget
General Debt Funding by Project, 6 Year Projection Existing Debt Service on County Projects: 234 Bypass Adult Detention Center Adult Detention Center - Variable Rate Note Antioch Volunteer Fire Station (Fire Levy) Ashton Avenue North Ashton Avenue South ATCC Benita Fitzgerald Birchdale Vol. Fire Station (Fire Levy) BMX Bull Run Library Bull Run Mountain Roads Tar & Chip Cardinal Drive Chinn Library Delaney Land Parcel Acquisition Development Services Building Facilities General Heathcote Hellwig Park Innovation Loop Road Judicial Center Juvenile Detention Center Phase II Liberia Extended Linton Hall ( Nokesville)Fire Station (Fire Levy) Linton Hall Road Minnieville Road (existing) Minnieville Road (Old Bridge to Caton Hill) Minnieville Road (Cardinal to Spriggs) Old Bridge Owens Building Parks General Parkway Extention to Rt. 1 Police Driver Training Track Prince William Golf Irrigation & Stormwater Improvements Prince William Parkway Public Safety Training Center PW Parkway Intersection Imprmts at Minnieville PW Parkway Intersection Imprmts at Old Bridge Ridgefield Road Rt 1 Intersection Rt 1 Dale to Featherstone Rt 1 Joplin to Brady's Hill Rt 15 James Madison Hwy (Rt. 15 N & S, Old Carolina, Waterfall) River Oaks Vol. Fire Station (Fire Levy) Spicer Fire Station ( Fire Levy) Sportsfields Spriggs Phase I Spriggs Road Phase II Sudley Manor Drive Sudley Park Land Acquisition Sudley Road Valley View Park Veterans Park Wellington Road Wellington Station Road Western District Police Station Yorkshire Fire Station (Fire Levy) Subtotal County Existing Debt Service
$
$
FY 11 378,844 $ 4,230,282 165,000 471,234 60,611 182,648 1,236,263 350,572 409,695 26,498 181,689 223,226 591,842 181,138 588,406 2,604,533 1,868,970 514,719 387,346 158,871 1,533,383 492,254 320,822 528,290 1,143,707 230,739 1,906,047 964,289 47,141 427,851 159,850 744,021 488,215 55,480 4,467,841 482,819 208,533 239,608 459,272 222,700 1,017,259 3,706,791 3,074,598
FY 12 206,738 $ 4,156,969 165,000 459,239 53,673 161,741 1,233,638 342,312 402,082 26,148 128,420 223,226 524,095 575,700 2,548,293 1,207,170 502,591 379,440 151,166 1,493,884 479,574 284,098 513,811 1,114,119 225,117 1,861,654 942,586 41,756 416,830 724,307 476,615 54,282 3,742,981 398,103 203,420 233,733 450,867 216,184 995,784 3,625,630 3,002,942
FY 13 64,412 $ 6,259,988 165,000 446,320 50,009 150,701 1,234,888 334,052 393,931 25,177 124,056 111,613 488,323 562,556 2,490,114 1,178,958 490,464 370,445 145,799 1,466,010 470,626 264,707 499,704 1,086,163 219,683 1,815,112 919,975 38,913 409,052 704,758 465,015 53,042 2,147,827 384,574 197,667 227,123 436,777 209,668 972,083 3,536,650 2,925,875
FY 14 61,207 $ 6,108,888 165,000 433,400 47,694 143,724 1,232,488 325,792 386,181 24,256 117,894 465,714 548,536 2,428,056 1,158,985 478,337 361,312 140,631 1,408,844 452,274 252,451 485,419 1,060,148 214,249 1,768,254 897,250 37,116 393,101 685,070 453,415 51,721 2,043,925 365,472 191,275 219,779 423,164 203,152 948,103 3,447,399 2,848,758
FY 15 55,513 $ 5,954,775 165,000 415,584 45,310 136,539 1,236,113 316,075 378,343 23,360 111,548 442,432 534,517 2,365,998 1,132,125 464,069 353,816 135,548 1,362,087 437,264 239,831 470,465 1,033,743 208,253 1,720,108 873,220 37,660 380,055 664,160 441,815 50,399 1,937,053 345,780 184,557 212,059 409,272 196,473 926,522 3,362,136 2,772,766
FY 16 5,802,382 165,000 402,869 101,145 1,230,613 306,357 368,824 22,413 327,743 516,086 2,284,416 1,108,825 449,802 345,911 130,202 1,310,409 420,674 177,661 455,392 994,768 202,445 1,670,459 848,849 26,051 365,636 642,630 430,215 48,661 148,519 178,819 199,607 395,074 189,010 904,107 3,273,492 2,691,640
445,163 344,523 203,776 1,074,172 2,352,265 1,892,514 57,916 230,966 226,614 98,890 407,736 60,849 1,586,399 332,504
433,538 340,080 198,979 1,048,923 2,287,704 1,844,890 56,632 179,789 222,963 96,475 396,672 60,007 1,584,406 330,804
421,913 310,908 193,961 1,019,248 2,217,794 1,792,253 55,114 173,679 215,421 94,141 385,752 57,722 1,585,178 333,680
410,275 164,446 188,973 987,360 2,152,535 1,734,604 53,617 165,052 208,199 91,807 374,832 55,555 1,588,458 330,940
398,625 159,780 183,542 953,846 2,086,790 1,674,200 52,019 156,168 200,991 89,232 363,313 53,445 1,583,973 332,745
386,975 154,527 178,233 923,990 2,020,602 1,620,588 50,435 193,510 86,737 351,123 51,218 1,587,363 334,005
47,048,182
Prince William County | Proposed 2011 Budget
$
44,027,779
$
43,394,572
$
41,985,087
[General Debt/CIP]
$
40,821,013
$
37,076,011
575
General Debt Funding by Project, 6 Year Projection Existing Debt Service on School Projects: Air Conditioners/Gym Renovations $ Architectural & Eng. Services Ashland ES Ashland ES Addition Ashton ES Bel Air ES Addition Bennett ES Benton MS Benton MS Site Blackburn Traditional School Braemar ES Braemar MS Brentsville HS Renewal Brightwood ES Bristow Run ES Addition Catharpin MS Dale City ES Addition Dominion ES Featherstone ES Renewal Forest Park HS Four Year Trail ES General School Projects - 1991 General non specific School Projects General School Renovations Godwin MS Addition Graham Park MS Addition Graham Park MS Renewal Kettle Run HS, Ph I Kettle Run HS, Ph II Kettle Run HS, Ph III Kilby ES Renewal Kingsbrooke ES Lake Ridge MS Renewal Lightner ES Lynn MS Renewal Marumsco ES Addition Mill Park ES Montclair ES Addition Mountain View ES Addition Newport ES Nineth High School Occoquan ES Addition Old Bridge ES Parkside MS Renewal Potomac View ES Addition Queen Chapel ES Rippon MS Renewal Rockledge ES Addition Saunders MS Renewal School Administration Building School Site Acquisitions Signal Hill ES Southbridge ES Stonewall MS Renewal Tech Electrical Upgrade Tech Labs Tenth HS Transportation Center, Mid County Transportation Center, West Triangle ES Replacement Phase I Triangle ES Replacement Phase II Tyler ES Wentworth Green MS Woodbridge MS Renewal Vaughn ES Addition Yorkshire ES Replacement Subtotal School Existing Debt Service $
FY 11 41,855 $ 75,548 867,529 321,660 933,318 282,892 612,707 702,109 79,315 933,318 863,799 1,193,848 397,616 1,834,856 147,776 1,495,738 63,398 911,134 211,680 1,192,847 1,135,536 418,335 12,009,117 1,862,384 183,454 63,398 207,248 266,536 590,551 3,272,338 234,360 730,335 37,009 411,286 251,658 365,157 1,834,856 221,710 95,075 680,786 3,521,709 95,075 411,286 429,298 295,498 680,700 37,009 473,861 37,009 2,487,406 947,055 872,494 792,476 346,969 188,345 209,272 3,887,881 373,327 179,077 705,911 1,611,749 114,738 1,167,065 37,009 559,887 2,146,695 60,642,873 $
Total Existing Debt Service $ 107,691,055
576
[General Debt/CIP]
FY 12 41,257 $ 72,959 836,994 312,859 904,107 275,151 585,771 676,813 75,828 904,107 832,679 1,151,826 391,936 1,784,650 143,151 1,442,450 61,114 880,196 206,080 1,175,806 1,099,997 402,545 11,345,573 1,805,309 177,811 61,114 204,510 259,243 576,500 3,194,449 228,160 702,138 36,520 390,277 248,333 356,469 1,784,650 215,643 91,847 650,857 3,395,120 91,847 390,277 423,627 288,467 654,420 36,520 462,586 36,520 2,417,522 920,447 845,495 763,926 338,280 185,654 206,282 3,749,831 361,643 172,774 689,115 1,573,385 111,515 1,134,276 36,520 545,790 2,093,343 58,512,861 $
$ 102,540,640
$
FY 13 39,644 $ 70,482 808,503 304,058 875,595 267,410 558,604 651,517 72,311 875,595 803,225 1,112,618 376,618 1,734,445 138,636 1,392,357 58,953 849,258 200,410 1,129,853 1,065,307 10,952,832 1,748,109 171,644 58,953 196,912 251,950 560,921 3,125,119 221,883 673,620 35,163 369,268 239,107 346,836 1,734,445 209,577 88,619 620,671 3,277,354 88,619 369,268 407,888 280,672 627,840 35,163 450,086 35,163 2,347,637 893,839 818,125 736,904 328,621 178,398 198,220 3,620,879 350,238 166,893 670,493 1,539,238 108,291 1,101,487 35,163 530,531 2,036,058 56,224,096 $
FY 14 38,114 $ 67,949 781,375 295,256 847,083 259,670 531,321 626,527 68,780 847,083 772,750 1,075,286 362,084 1,684,239 134,122 1,342,487 56,716 819,701 194,600 1,086,253 1,030,617 10,384,741 1,690,847 165,779 56,716 189,709 244,657 545,343 3,047,230 215,450 644,780 33,877 348,132 230,361 337,203 1,684,239 203,510 85,534 590,357 3,165,462 85,534 348,132 392,968 272,876 600,960 33,877 437,585 33,877 2,277,753 867,231 790,383 708,945 318,827 171,514 190,571 3,497,801 338,833 161,293 651,871 1,500,874 105,067 1,068,698 33,877 515,197 1,978,832 54,169,316 $
FY 15 36,625 $ 65,417 753,565 286,455 818,571 251,930 503,865 602,149 65,226 818,571 742,276 1,037,016 347,933 1,634,033 129,607 1,292,048 54,479 791,526 188,650 1,043,798 995,927 10,048,987 1,633,492 159,832 54,479 182,699 237,364 529,764 2,967,741 208,863 615,940 32,625 221,849 327,570 1,634,033 197,444 82,594 559,850 3,055,599 82,594 378,447 265,081 574,080 32,625 425,085 32,625 2,207,868 840,623 762,270 680,987 308,863 164,810 183,123 3,376,751 327,429 155,553 633,249 1,461,723 101,844 1,035,910 32,625 4,999,863 1,921,577 56,195,997 $
FY 16 35,053 62,884 725,756 277,654 790,059 244,189 476,236 577,465 61,649 790,059 711,801 998,746 332,997 1,583,827 125,093 1,241,610 52,242 762,328 182,490 998,992 961,238 9,710,873 1,576,043 153,815 52,242 175,293 230,071 514,185 2,891,688 202,043 587,100 31,302 212,856 317,937 1,583,827 191,377 79,547 529,151 2,924,152 79,547 363,108 257,286 547,200 31,302 412,584 31,302 2,137,984 814,016 733,040 653,028 298,520 157,736 175,262 3,234,118 316,023 149,812 614,627 1,424,264 98,620 1,003,120 31,302 484,529 1,864,321 49,868,521
99,618,668
96,154,403
97,017,010
86,944,532
$
$
$
Prince William County | Proposed 2011 Budget
General Debt Debt Funded Projects in the CIP New Debt Service , Current CIP Projects: County Route 1 - Joplin to Brady's Hill University Boulevard
$
Subtotal County New CIP Debt $ Schools Linton Hall/Wellington ES Swan's Creek ES Silver Lake Middle S Potomac MS Addition Penn ES 7 Room Addition Featherstone ES 6 Room Addition Kettle Run High School Phase IV Middle S West (Avondale) Dumfries ES Partial Renewal Kettle Run ES Pace West Replacement Pattie ES Partial Renewal East Harbor Stn ES Nokesville ES Addition Benton MS Addition Bus Parking Lot Bus Parking/Fuel Center Potomac HS Addition Rippon MS 8 Room Addition Stonewall ES (TBD) Haymarket ES Parkside MS Addition 12th High School 13th High School ES West (TBD) Westridge ES 6 Room Addition River Oaks ES Addition Henderson ES Addition Neabsco ES Addition
$
FY 11 473,575 $ 1,379,875
FY 12 462,359 $ 1,347,194
FY 13 451,143 $ 1,314,513
FY 14 439,926 $ 1,281,831
FY 15 428,710 $ 1,249,150
FY 16 417,494 1,216,469
1,853,450
1,809,553
1,765,656
1,721,757
1,677,860
1,633,963
$
FY 11 2,356,000 $ 2,009,250 3,542,075 2,261,000 -
$
FY 12 2,300,200 $ 476,500 4,076,663 3,458,184 2,207,450 802,600 836,000 101,000 765,500 300,000 413,000 -
$
FY 13 2,244,400 $ 464,588 3,976,200 776,800 582,000 3,374,293 382,500 2,153,900 782,535 332,500 815,100 724,700 98,475 1,511,863 2,804,600 500,000 402,675 -
$
FY 14 2,188,600 $ 452,675 3,875,738 757,380 567,450 3,290,401 372,938 2,100,350 762,470 324,188 794,200 706,583 95,950 1,473,588 2,734,298 2,957,535 1,032,675 1,537,500 392,350 582,750 697,515 551,670
$
FY 15 2,132,800 $ 440,763 3,775,275 737,960 552,900 635,880 3,206,510 363,375 2,046,800 742,405 315,875 3,104,850 773,300 688,465 93,425 1,435,313 2,663,995 2,880,076 1,005,629 6,792,755 3,104,850 382,025 567,488 679,247 537,222
FY 16 2,077,000 428,850 3,674,813 718,540 538,350 619,226 3,122,619 315,000 353,813 1,993,250 722,340 307,563 3,023,533 752,400 670,348 90,900 469,035 1,397,038 695,100 2,593,693 2,802,617 978,583 11,909,325 630,000 3,023,533 371,700 552,225 660,979 522,773
Subtotal Schools New CIP Debt $
10,168,325
$
15,737,097
$
21,927,129
$
28,248,804
$
39,659,183
$
46,015,146
Subtotal New CIP Debt Service $
12,021,775
$
17,546,650
$
23,692,785
$
29,970,561
$
41,337,043
$
47,649,109
Total General Debt Total County Existing Debt Total Schools Existing Debt
FY 11 47,048,182 $ 60,642,873
FY 12 44,027,779 $ 58,512,861
FY 13 43,394,572 $ 56,224,096
FY 14 41,985,087 $ 54,169,316
FY 15 40,821,013 $ 56,195,997
FY 16 37,076,011 49,868,521
1,853,450 10,168,325
1,809,553 15,737,097
1,765,656 21,927,129
1,721,757 28,248,804
1,677,860 39,659,183
1,633,963 46,015,146
Grand Total All Debt Service $ 119,712,830
$ 120,087,290
$ 123,311,453
$ 126,124,964
$ 138,354,053
$ 134,593,641
$
Total County New CIP Debt Total Schools New CIP Debt
Debt Program Admin Expenses Other Debt Service Costs Investment Fees on Unspent Bond Proceeds
FY 11 80,000 $ 20,000
$
Subtotal Administrative Expenses $
100,000
Total General Debt $ 119,812,830
Funding Sources Rent from ATCC Transfer in From Fire Levy PW Parkway Transportation District 234 Bypass Transportation District Interest Earned on Unspent Bond Proceeds
$
Subtotal Funding Sources $
$
FY 12 80,000 $ 20,000 100,000
$ 120,187,290
$
FY 13 80,000 $ 20,000 100,000
$ 123,411,453
$
FY 14 80,000 $ 20,000 100,000
$ 126,224,964
$
FY 15 80,000 $ 20,000 100,000
$ 138,454,053
FY 16 80,000 20,000
$
100,000
$ 134,693,641
FY 11 636,375 $ 2,003,118 2,546,250 226,590 41,000
FY 12 636,375 $ 1,965,743 2,673,563 23,792 41,000
FY 13 636,375 $ 1,906,751 2,887,448 256,953 41,000
FY 14 636,375 $ 1,725,242 3,002,945 267,231 41,000
FY 15 636,375 $ 1,685,077 277,920 41,000
FY 16 636,375 1,647,200 286,258 41,000
5,453,333
5,340,473
5,728,527
5,672,793
2,640,372
2,610,833
Net General Tax Support $ 114,359,497
Prince William County | Proposed 2011 Budget
$
$ 114,846,818
$
$ 117,682,926
$
$ 120,552,171
[General Debt/CIP]
$
$ 135,813,681
$
$ 132,082,809
577
Capital Improvement Program Overview of the Development of the Capital Improvement Program in Prince William County The Prince William County financial and program planning ordinance requires that the County Executive prepare a capital plan annually. The Capital Improvement Program (CIP) is guided by the Board of County Supervisors’ (BOCS) adopted Strategic Plan, Comprehensive Plan and Principles of Sound Financial Management. Together these policy documents require that the CIP: § Incorporate the goals and strategies of the Strategic Plan; § Demonstrate an identifiable revenue source for each project; § Meet the debt financing policies in the Principles of Sound Management; and, § Integrate County government projects with school projects, making up one affordable plan. In Prince William County, the capital planning process begins each summer when agencies are asked to provide the Office of Executive Management with identified capital project needs. The agency submissions are collaboratively evaluated by staff from the Finance Department, Department of Public Works, the Office of Information Technology, Department of Transportation, the Planning Office, and the Office of Executive Management staff. Funding requests are prioritized using criteria that include their relationship to the community’s goals as expressed through the County’s Strategic and Comprehensive Plans, completion of projects already underway, and mandated improvements to County infrastructure, and then balanced against available funds. Once evaluated, the recommendations are reviewed, modified and sanctioned by the County Executive.
Annual Capital Review In order to provide the Board of County Supervisors and the County Executive with regular status reports, capital project updates are reported by means of: § Quarterly Project Reports (QPR), § Monthly Department of Transportation Reports, § Park Authority Quarterly Reports, and § Economic Development Quarterly Reports. Each report highlights applicable active projects, major milestones to be met by the project, completion dates for each milestone, and a narrative explaining the current project status. In the spring, prior to the start of year-end activity, the Finance Department conducts a review of activity in the capital fund. Relevant findings are forwarded to each of the project managers and provides project managers an opportunity for feedback. This layer of review provides the foresight necessary for the planning process in the ensuing fiscal year. The Capital Budget The FY 11 capital budget for the County is $184,097,871, including $114,723,871 for the County Government and $69,374,000 for Prince William County Schools. Funding sources for these projects include the general fund ($1,264,229), debt ($58,096,000), solid waste ($11,800,000) and stormwater management ($606,800) fees, proffers ($1,105,918), the Transportation Reserve ($1,500,000), the Internal Service Fund Balance ($4,000,000), State and Federal funds ($94,446,924), and Schools’ cash on hand ($11,278,000). No revenues are anticipated from the projects included in the FY 11 Capital Budget or the FY 11-16 CIP.
After the projects are approved by the County Executive, the CIP is forwarded to the BOCS for review in the month of December. In the spring, worksessions and public hearings are held with the Planning Commission and then with the BOCS as part of the annual budget process. In late April, the BOCS considers and adopts a capital plan for six fiscal years and a capital budget for the ensuing fiscal year.
578
[General Debt/CIP]
Prince William County | Proposed 2011 Budget
Capital Improvement Program FY 2011-2016 CIP Projects The following are the proposed projects listed in the Capital Improvement Program.
A. Community Development 1. Historic Preservation § Ben Lomond Historic Site § Brentsville Courthouse § Bristoe Station Battlefield Heritage Park § Rippon Lodge 2. Parks and Recreation § Land Acquisition § Potomac Heritage National Scenic Trail § Sports Field Improvements § Trail Development § Veterans Park Improvement 3. Watershed Management § Broad Run Watershed § Bull Run Watershed § Cedar Run Watershed § County-wide Watersheds § Flat Branch Flood Control § Marumsco Creek Watershed § Neabsco Creek Watershed § Occoquan River Watershed § Powell’s Creek Forebay At Lake Montclair § Powell’s Creek Watershed § Quantico Creek Watershed
C. Transportation 1. Transportation § Dale Boulevard/Benita Fitzgerald Road Intersection Improvements § Fuller/Fuller Heights Road Intersection Improvements § Glenkirk Road Improvements § Prince William Parkway (Hoadly to Old Bridge) § Purcell Road Widening (Route 234 to Vista Brooke) § Route 1 Improvements (Joplin to Bradys Hill) § Route 28 (Vint Hill to Fitzwater) § Six-Year Secondary Road Plan § Transportation and Roadway Improvement Program § University Boulevard (Hornbaker to Sudley Manor) § University Boulevard (Wellington to Rollins Ford)
D. General Government 1. Solid Waste Administration § Landfill Caps § Landfill Liners § Landfill Wetlands Mitigation 2. Technology Improvement § Cable Equipment § Technology Improvement Plan
B. Public Safety 1. Fire and Rescue § Bacon Race Fire and Rescue Station § Innovation Fire and Rescue Station § River Oaks Fire and Rescue Station 2. Judicial Administration § Adult Detention Center Expansion Phase I
Prince William County | Proposed 2011 Budget
[General Debt/CIP]
579
Capital Improvement Program E. Education 1. County § Northern Virginia Community College 2. PWC Schools § Belmont Elementary School Addition § Benton Middle School Addition § Featherstone Elementary School Addition § Henderson Elementary School Addition § Kilby Elementary School Addition § Neabsco Elementary School Addition § Nokesville Elementary School Addition § Parkside Middle School Addition § Penn Elementary School Addition § Potomac High School Addition § Potomac Middle School Addition § Rippon Middle School Addition § River Oaks Elementary School Addition § Swans Creek Elementary School Addition § Westridge Elementary School Addition § Dumfries Elementary School Partial Renewal § Pattie Elementary School Partial Renewal § Pace West Replacement § 12th High School (Route 234) § 13th High School § East Harbor Station Elementary School § Haymarket Elementary School § Wood Elementary School § Silver Lake Middle School § Stonewall Elementary School § Wellington Elementary School § Elementary School (TBD) § Elementary School (West) § Middle School (West – Avendale) § Bus Parking Lot § Bus Parking/Fuel Center (West I-66) § Cash-Funded Repairs and Renewals § Technology Refresh Program
580
[General Debt/CIP]
Prince William County | Proposed 2011 Budget
Capital Improvement Program Proffer Integration A major initiative in the FY 11-16 CIP is to integrate developer contributions, or proffers, into the CIP. Proffers are contributions of land, capital improvements, and funding from developers to address the demand for community services created by new development. The County has identified and programmed collected proffers in order to accomplish needed infrastructure improvements. The FY 11 Capital budget includes $1.1 million in budgeted proffers.
Prior Proffers Historic Properties
Proffers Identified
$35,400 $90,000
Brentsville Historic Courthouse Bristoe Station Battlefied Park
Parks and Recreation
Total Proffer Funding 35,400 90,000
2,640,494 8,000 404,401 274,401 621,789
36,985 240,554 91,893
2,677,479 8,000 644,955 366,294 621,789
$3,949,085
$369,432
$4,318,517
747,233 2,441,948 1,134,018
53,719 30,901
800,952 2,441,948 1,164,919
$4,323,199
$84,620
$4,407,819
4,380,327 1,147,775 1,830,218 913,366 400,000
651,866
4,380,327 1,147,775 1,830,218 913,366 1,051,866
Subtotal
$8,671,686
$651,866
$9,323,552
Grand Total
$16,943,970
$1,105,918
$18,049,888
Land Acquisition Potomac Heritage National Scenic Trail Sports Field Improvements Trail Development Veterans Park
Subtotal Fire and Rescue Bacon Race Fire and Rescue Station Innovation Fire and Rescue Station River Oaks Fire and Rescue Station
Subtotal Transportation PW Parkway (Hoadly to Old Bridge) Route 1 Improvements (Neabsco Mills to Featherstone) Route 1 Improvements (Joplin to Brady) Route 28 (Linton Hall to Fitzwater) University Boulevard (Hornbaker to Sudley Manor)
In addition to the projects listed in the CIP, several projects will receive proffer allocations in FY 11 to begin to build sufficient revenue for use at some future date: § Chinn Park § Fuller Heights Park
$151,416 $228,757
Projected Proffers Given the current economic conditions and the related impact on development, the FY 11-16 CIP does not include projected proffer contributions. Proffer projections will be included in future CIPs once the market rebounds and we can better anticipate development trends.
Prince William County | Proposed 2011 Budget
[General Debt/CIP]
581
Capital Improvement Program FY 11-16 CIP Strategic Goal Summary The following table indicates FY 11-16 CIP expenditures by Strategic Goal for both general County government and the Schools, totaling $834,902,503. Of this amount, $635,594,000 represents new construction, capital maintenance and technology upgrades for Prince William County Schools. The County portion of this CIP is $199,308,503.
Community Development Historic Preservation
Ben Lomond Historic Site Brentsville Courthouse Bristoe Station Battlefield Heritage Park Rippon Lodge
Prior Years $ $ $ $
1,270,843 2,695,452 288,750 3,675,405
Subtotal $ 7,930,450
Parks and Recreation
Land Acquisition Potomac Heritage National Scenic Trail Sports Field Improvements Trail Development Veterans Park Improvements
$ $ $ $ $
2,460,494 1,017,803 1,044,282 356,393 621,789
Subtotal $ 5,500,761
Watershed Management
Broad Run Watershed Bull Run Watershed Cedar Run Watershed County-wide Watersheds Flat Branch Flood Control Marumsco Creek Watershed Neabsco Creek Watershed Occoquan River Watershed Powell's Creek Forebay at Lake Montclair Powell's Creek Watershed Quantico Creek Watershed
$ $ $ $ $ $ $ $ $ $ $
483,626 706,082 29,111 252,458 507,374 453,903 1,061,530 881,240 75,000 355,955 722,576
Current Year $ $ $ $
62,874 637,162 421,520
FY 11 $ $ $ $
-
FY 12 $ $ $ $
-
FY 13 $ $ $ $
-
FY 14 $ $ $ $
-
FY 15 $ $ $ $
-
FY 16 $ $ $ $
-
FY 11-16 $ $ $ $
-
$ 1,121,556
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ $ $ $ $
$ $ $ $ $
$ $ $ $ $
$ $ $ $ $
$ $ $ $ $
$ $ $ $ $
$ $ $ $ $
$ $ $ $ $
1,250,000 -
36,985 240,554 91,893 -
-
-
-
-
-
36,985 240,554 91,893 -
$ 1,250,000
$ 369,432
$ -
$ -
$ -
$ -
$ -
$ 369,432
$ $ $ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $ $ $
5,000 50,000 5,000 75,000 50,000 20,000 542,000 20,800 15,000 51,000 223,000
5,000 100,000 5,000 65,000 50,000 70,000 92,000 20,800 50,000 76,000 73,000
5,000 100,000 5,000 65,000 50,000 70,000 92,000 20,800 50,000 76,000 73,000
5,000 100,000 5,000 65,000 50,000 70,000 92,000 20,800 50,000 76,000 73,000
5,000 100,000 5,000 65,000 50,000 70,000 92,000 20,800 50,000 76,000 73,000
5,000 100,000 5,000 65,000 50,000 70,000 92,000 20,800 50,000 76,000 73,000
5,000 100,000 5,000 65,000 50,000 70,000 92,000 20,800 50,000 76,000 73,000
30,000 600,000 30,000 390,000 300,000 420,000 552,000 124,800 300,000 456,000 438,000
Subtotal $ 5,528,855
$ 1,056,800
$ 606,800
$ 606,800
$ 606,800
$ 606,800
$ 606,800
$ 606,800
$ 3,640,800
Grand Total (Community Development) $ 18,960,066
$ 3,428,356
$ 976,232
$ 606,800
$ 606,800
$ 606,800
$ 606,800
$ 606,800
$ 4,010,232
Economic Development Prior Years
Current Year
FY 11
FY 12
FY 13
FY 14
FY 15
FY 16
FY 11-16
Grand Total (Economic Development) $ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Economic Development
$
-
Page 1 of 1
582
[General Debt/CIP]
Prince William County | Proposed 2011 Budget
Capital Improvement Program FY 11-16 CIP Strategic Goal Summary (continued) Education FY 11
Education
Northern Virginia Community College Belmont Elementary School Addition Benton Middle School Addition Featherstone Elementary School Addition Henderson Elementary School Addition Kilby Elementary School Addition McAuliffe Elementary School Addition Neabsco Elementary School Addition Nokesville Elementary School Addition Parkside Middle School Addition Penn Elementary School Addition Potomac High School Renewal/Addition Potomac Middle School Addition Rippon Middle School Addition River Oaks Elementary School Addition Swans Creek Elementary School Addition Westridge Elementary School Addition Elementary School Addition (TBD) Dumfries Elementary School Partial Renewal Pattie Elementary School Partial Renewal Pace West Replacement 12th High School (234) 13th High School East Harbor Station Elementary School Haymarket Elementary School Silver Lake Middle School Stonewall Elementary School Elementary School (TBD) Elementary School (West) Middle School (West-Avendale) Bus Parking Lot Bus Parking Lot/Fuel Center (West I-66) Cash Funded Repairs & Renewals Technology Refresh Program
$
-
Grand Total (Education)
$
405,408
$ 405,408
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
507,229 8,360,000 7,655,000 4,765,000 4,130,000 8,026,000 21,150,000 3,000,000 1,010,000 7,080,000 4,198,000
$ 69,881,229
FY 12 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
540,206 7,247,000 5,820,000 7,655,000 7,768,000 3,825,000 3,325,000 5,000,000 25,121,000 6,500,000 4,282,000
FY 13 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
$ 77,083,206
554,236 6,643,000 5,254,000 9,835,000 5,550,000 10,000,000 28,167,000 38,398,000 4,376,000
FY 14 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
564,092 6,056,000 50,431,000 29,570,000 29,570,000 17,692,000 4,470,000
FY 15 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
573,947 6,620,000 50,431,000 6,000,000 3,000,000 4,467,000 44,267,000 4,565,000
FY 16 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
583,802 4,530,000 32,601,000 7,313,000 5,270,000 12,000,000 11,280,000 26,303,000 20,356,000 4,662,000
FY 11-16 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
3,323,512 4,530,000 7,247,000 6,056,000 6,643,000 32,601,000 7,313,000 5,254,000 8,360,000 9,835,000 5,820,000 15,310,000 7,768,000 6,620,000 5,550,000 4,765,000 4,130,000 5,270,000 3,825,000 3,325,000 8,026,000 115,862,000 18,000,000 29,570,000 28,167,000 21,150,000 28,121,000 11,280,000 29,570,000 29,303,000 1,010,000 4,467,000 134,293,000 26,553,000
$ 108,777,236
$ 138,353,092
$ 119,923,947
$ 124,898,802
$ 638,917,512
FY 13
FY 14
FY 15
FY 16
FY 11-16
Public Safety Prior Years
Fire and Rescue
Bacon Race Fire and Rescue Station Innovation Fire and Rescue Station River Oaks Fire and Rescue Station
$ $ $
585,788 11,990,159 11,697,344
Subtotal $ 24,273,291
Judicial Administration
Adult Detention Center Expansion Phase I
$
79,931,414
Current Year $ $ $
161,445 292,593 280,394
$ 734,432
$
-
FY 11 $ $ $
53,719 30,901
$ 84,620
$
-
FY 12 $ $ $
-
$ $ $
$ -
$
-
$ -
-
$
-
$ $ $
-
$ -
$
-
$ $ $
-
$ -
$
-
$ $ $
-
$ -
$
-
$ $ $
53,719 30,901
$ 84,620
$
-
Subtotal $ 79,931,414
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Grand Total (Public Safety) $ 104,204,705
$ 734,432
$ 84,620
$ -
$ -
$ -
$ -
$ -
$ 84,620
Page 1 of 1
Transportation Transportation
Prior Years
Dale Blvd/Benita Fitzgerald Dr. Intersection Fuller Rd/Fuller Heights Rd Improvements Glenkirk Road Improvements PW Parkway (Hoadly to Old Bridge) Purcell Road Widening Route 1 Improvements (Joplin to Brady) Route 1 Improvements (Neabsco Mills to Featherstone) Route 28 (Linton Hall to Fitzwater) Six Year Secondary Road Plan TRIP University Boulevard (Hornbaker to Sudley Manor) University Boulevard (Wellington to Rollins Ford)
$ $ $ $ $ $ $ $ $ $ $ $
1,124,375 2,837,596 617,268 56,603,716 21,011,270 18,731,596 6,200,000 149,612 -
Grand Total (Transportation) $ 107,275,433
Current Year $ $ $ $ $ $ $ $ $ $ $ $
515,000 2,658,546 2,117,143 10,702,731 4,189,151 21,421,315 (15,000,000) 5,913,336 427,818 1,520,000 14,930,000 1,000,000
$ 50,395,040
Prince William County | Proposed 2011 Budget
FY 11 $ $ $ $ $ $ $ $ $ $ $ $
58,000,000 36,000,000 446,924 1,500,000 651,866 -
$ 96,598,790
FY 12 $ $ $ $ $ $ $ $ $ $ $ $
449,673 1,500,000 -
$ 1,949,673
FY 13 $ $ $ $ $ $ $ $ $ $ $ $
452,438 1,500,000 -
$ 1,952,438
FY 14 $ $ $ $ $ $ $ $ $ $ $ $
455,219 -
$ 455,219
[General Debt/CIP]
FY 15 $ $ $ $ $ $ $ $ $ $ $ $
458,019 -
$ 458,019
FY 16 $ $ $ $ $ $ $ $ $ $ $ $
-
$ -
FY 11-16 $ $ $ $ $ $ $ $ $ $ $ $
58,000,000 36,000,000 2,262,273 4,500,000 651,866 -
$ 101,414,139
583
Capital Improvement Program FY 11-16 CIP Strategic Goal Summary (continued) General Government Prior Years
Solid Waste Administration
Landfill Caps Landfill Liners Landfill Wetland Mitigation
$ $ $
6,455,000 8,475,200 -
Subtotal $ 14,930,200
Technology Improvement
Cable Equipment Technology Improvement Plan
$ $
1,716,848 10,925,168
Current Year $ $ $
400,000 -
FY 11 $ $ $
5,250,000 6,500,000 50,000
FY 12 $ $ $
5,000,000 250,000 300,000
FY 13 $ $ $
300,000 3,400,000 300,000
FY 14 $ $ $
300,000 300,000
FY 15 $ $ $
300,000 250,000 300,000
FY 16 $ $ $
300,000 3,400,000 1,300,000
FY 11-16 $ $ $
11,450,000 13,800,000 2,550,000
$ 400,000
$ 11,800,000
$ 5,550,000
$ 4,000,000
$ 600,000
$ 850,000
$ 5,000,000
$ 27,800,000
$ $
$ $
$ $
$ $
$ $
$ $
$ $
$ $
582,928 983,638
582,928 4,174,072
582,928 28,864,072
582,928 8,061,072
582,928 15,231,072
582,928 1,174,072
582,928 1,674,072
3,497,568 59,178,432
Subtotal $ 12,642,016
$ 1,566,566
$ 4,757,000
$ 29,447,000
$ 8,644,000
$ 15,814,000
$ 1,757,000
$ 2,257,000
$ 62,676,000
Grand Total (General Government) $ 27,572,216
$ 1,966,566
$ 16,557,000
$ 34,997,000
$ 12,644,000
$ 16,414,000
$ 2,607,000
$ 7,257,000
$ 90,476,000
Total Project Costs Prior Years Community Development Economic Development Education
Current Year
FY 11
FY 12
FY 13
FY 14
FY 15
FY 16
FY 11-16
$18,960,066
$3,428,356
$976,232
$606,800
$606,800
$606,800
$606,800
$606,800
$0
$0
$0
$0
$0
$0
$0
$0
$4,010,232 $0
n/a
n/a
$69,881,229
$77,083,206
$108,777,236
$138,353,092
$119,923,947
$124,898,802
$638,917,512
Public Safety
$104,204,705
$734,432
$84,620
$0
$0
$0
$0
$0
$84,620
Transportation
$107,275,433
$50,395,040
$96,598,790
$1,949,673
$1,952,438
$455,219
$458,019
$0
$101,414,139
$230,440,204
$54,557,828
$167,540,871
$79,639,679
$111,336,474
$139,415,111
$120,988,766
$125,505,602
$744,426,503
$27,572,216
$1,966,566
$16,557,000
$34,997,000
$12,644,000
$16,414,000
$2,607,000
$7,257,000
$90,476,000
$258,012,420
$56,524,394
$184,097,871
$114,636,679
$123,980,474
$155,829,111
$123,595,766
$132,762,602
$834,902,503
Subtotal (All Goal Areas) General Government Grand Total (All Areas)
Page 1 of 1
Page 1 of 1
584
[General Debt/CIP]
Prince William County | Proposed 2011 Budget
Capital Improvement Program Operating Impact of the Capital Improvement Program The development and implementation of capital projects in Prince William County is normally accompanied by significant on-going operating costs throughout the life of the six-year capital improvement plan. However, the process used to develop the FY 11-16 CIP focused on projects that would not generate significant operating costs, and therefore there are no FY 11-15 operating impacts of County projects in the CIP.
Debt Service Impact of the Capital Improvement Program The debt financing of capital projects in Prince William County is accompanied by significant on-going debt service payments throughout the life of the six-year capital improvement plan. As illustrated in the following chart, the debt service impact of County projects in the FY 11-16 CIP is $70,681,478.
FY 11 Debt Service
Name of Project
Ben Lomond Historic Site Brentsville Courthouse Bristoe Station Battlefield Heritage Park Rippon Lodge Land Acquisition Potomac Heritage National Scenic Trail Trail Development Veterans Park Improvements Broad Run Watershed Bull Run Watershed Cedar Run Watershed County-wide Watersheds Flat Branch Flood Control Marumsco Creek Watershed Neabsco Creek Watershed Occoquan River Watershed Powell's Creek Forebay at Lake Montclair Powell's Creek Watershed Quantico Creek Watershed Bacon Race Fire and Rescue Station Innovation Fire and Rescue Station River Oaks Fire and Rescue Station Adult Detention Center Expansion Phase I Dale Blvd/Benita Fitzgerald Dr. Intersection Fuller Rd/Fuller Heights Rd Improvements Glenkirk Road Improvements PW Parkway (Hoadly to Old Bridge) Purcell Road Widening (Route 234 to Vista Brooke) Revenue Sharing Program Route 1 Improvements (Joplin to Brady) Route 1 Improvements (Neabsco Mills to Featherstone) Route 28 (Linton Hall to Fitzwater) Six Year Secondary Road Plan TRIP University Boulevard (Hornbaker to Sudley Manor) University Bouelvard (Wellington to Rollins Ford) Landfill Caps Landfill Liners Landfill Wetlands Mitigation Cable Equipment Technology Improvement Plan TOTAL
FY 12 Debt Service
FY 13 Debt Service
FY 14 Debt Service
FY 14 Debt Service
FY 16 Debt Service
TOTAL
$4,395,282
$4,321,969
$6,424,988
$6,273,888
$6,119,775
$5,967,382
$33,503,284
$4,180,366 $1,017,259
$4,087,989 $995,784
$3,987,793 $972,083
$3,887,325 $948,103
$3,790,846 $926,522
$3,690,986 $904,107
$23,625,304 $5,763,858
$1,379,875
$1,347,194
$1,314,513
$1,281,831
$1,249,150
$1,216,469
$7,789,032
$10,972,782
$10,752,936
$12,699,377
$12,391,147
$12,086,293
$11,778,944
$70,681,478
Prince William County | Proposed 2011 Budget
[General Debt/CIP]
585
Capital Improvement Program
586
[General Debt/CIP]
Prince William County | Proposed 2011 Budget
General Debt/Capital Improvement Program Expenditure and Revenue Summary
A. Expenditure by Program 1 Debt Service Total Expenditures B. Funding Sources 1 Revenue from Use of Money 2 Revenue from Commonwealth 3 Transfers In Total Designated Funding Sources Reserve for ADC Variable Rate Note Principal Payment in FY 2010 Net General Tax Support
FY 09 Approp $43,865,051
FY 09 Actual $39,566,489
FY 10 Adopted $49,436,428
FY 11 Base $48,752,128
$43,865,051
$39,566,489
$49,436,428
$48,752,128
$677,375 $0 $3,073,148 $3,750,523
$750,524 $15,116,223 $2,782,218 $18,648,965
$677,375 $0 $2,799,833
% Change Adopt 10/ Base 11 -1.38% -1.38%
$677,375 $0 $2,531,409
0.00% 0.00% -9.59%
$3,477,208
$3,208,784
-7.72%
$45,959,220
$45,543,344
-0.90%
$15,116,223 $40,114,528
$36,033,747
FY 11 General Debt and CIP Cash Investment by Strategic Goal Area
Other 6.2%
Economic Development/ Transportation 12.1% Public Safety 5.1%
Education 76.5%
Prince William County | Proposed 2011 Budget
[General Debt/CIP]
569
General Debt Capital Improvement Program Trends The following chart highlights the funds allocated to County and Schools projects through twelve CIPs. During this time period, the smallest CIP was in FY 00-05, with a total of $457.5 million, and the CIP peaked in FY 07-12, with a total of $1.2 billion. The split between County and Schools projects varies with each CIP, depending on the needs at hand. The highest proportion of funds to County projects occurred in FY 07-12, when the CIP allocated $837 million (69%) to County projects, and the lowest proportion occurs in FY 10-15, when the CIP was $773.7 million and $142.1 million (18%) was allocated to County projects.
County/Schools CIP Split $1,300 $1,200 $1,100 $1,000 $900
$700
County Schools
$600 $500 $400 $300 $200 $100
570
[General Debt/CIP]
FY 10 Pr -1 op 5 os ed FY 11 -1 6
14 FY 09 -
13 FY 08 -
12 FY 07 -
11 FY 06 -
10 FY 05 -
09 FY 04 -
08 FY 03 -
07 FY 02 -
06 FY 01 -
05
$0 FY 00 -
Millions
$800
Prince William County | Proposed 2011 Budget
General Debt Debt Management in Prince William County I.
General Debt
The County’s General Debt budget includes principal and interest payments on outstanding debt repaid from the General Fund. Debt service payments of the school system and self-supporting revenue bonds are included in the respective budgets of the school system and of the various enterprises. General Fund debt maintenance expenditures will be higher in FY 11 than in FY 10. Most General Debt obligations for the County are structured with level principal, thereby reducing the debt service payments annually. However, with new debt issuance in FY 10 supported by the General Fund, the overall debt payments increase.
II.
Major Issues
Please note: Additional information on capital improvement projects can be found in the FY 2011-2016 Capital Improvement Program document available online at http://www.pwcgov.org/ budget.
A. Existing Debt - The amount of FY 11 debt
service on financing issued prior to FY 11, including the Superintendent’s Proposed Schools CIP, is $107,691,055. The County’s portion of debt service on financing issued prior to FY 11 is $249,504 more than was anticipated in the Five-Year Plan.
B. Commonwealth Reimbursement - In FY 09 the Commonwealth sent the County the first reimbursement for part of the Adult Detention Center (ADC) expansion construction expenses. The Financing Agreement, under which the construction funds were borrowed, requires these funds to be used to repay outstanding principal on this financing. To do so these funds from the Commonwealth were placed in a reserve for use in FY 10. After FY 09 ended, these funds were appropriated by the Board and were paid against the outstanding principal balance of the variable rate notes issued as part of the financing for the ADC expansion project. These funds were not available for any other purpose. The reimbursements from the Commonwealth were completely expended on January 4, 2010.
Prince William County | Proposed 2011 Budget
C. Other Debt Service Costs - Other debt service costs for FY 11, such as trustee fees, are $100,000.
D. Projects Planned for Debt Financing in Fiscal Year 2011 1. Prince William County Schools - According to the Superintendent’s Proposed Schools CIP, $58,096,000 will be sold in FY 11 to finance work during FY 12 on Silver Lake Middle School, Nokesville Elementary School, the replacement of the Pace West Building, Swans Creek and Westridge Elementary Schools’ additions, Stonewall Elementary School, a 30 room addition to Potomac High School, and a bus parking lot.
§ Service
Level Impact - New and renovated facilities will provide capacity needed to meet increased demands due to population growth.
E. Other Debt Issues - The County has an agreement
with George Mason University and the City of Manassas to share the cost of debt issued for the construction of the Hylton Performing Arts Center located in INNOVATION @ Prince William. The County’s share is $1.75 million in FY 11 and $1.9 million annually, FY 12-15, $1.35 million more than was anticipated in the Five-Year Plan. Debt service savings from FY 09 and FY 10 allow for an additional contribution to the Hylton Performing Arts Center of $200,000 in FY 11 and FY 12. The Arts Center will increase the County’s access days from 8 to 19, allowing each high school one day of access to the facility.
III. Future Debt Issuance for Major Projects
A. Prince William County Schools - In addition
to the $58,096,000 of debt to be sold in FY 11, $367,713,000 will be sold in FY 12 through FY 16 to finance ten school additions, two school replacements/ renewals, ten new schools, and one bus parking lot.
[General Debt/CIP]
571
General Debt IV.
Additional CIP Funding
A. Recordation Revenue - Recordation revenue is
generated when deeds are recorded in the County. Recordation revenue will support the debt service on Linton Hall Road, Ridgefield Road and Spriggs Road.
B. Transportation Reserve - The Transportation
Reserve will support the Transportation and Roadway Improvement Program (TRIP), providing funds for small transportation-related improvement in each magisterial district.
V.
Bond Rating
Efforts have been made over the past several years to enhance the County’s rating for general obligation bonds. In October 2004, these efforts succeeded when Fitch (a credit rating agency) upgraded all of the County’s General Obligation debt from AA+ to AAA. AAA ratings are awarded to less than 1% of local governments in the United States. The other credit rating agency that evaluates the County’s creditworthiness is Moody’s Investors Service. Moody’s left its rating of the County’s credit unchanged at AA+; this is also an exceptionally high credit rating. These bond ratings serve as a statement of a locality’s economic, financial and managerial condition and represent the business community’s assessment of the investment quality of a local government. Highly rated bonds are more attractive and are more competitive in the market and thereby help lower the County’s interest costs.
VI. Debt Management Policy Statement Proper Debt Management provides a locality and its citizens with fiscal advantages. The State does not impose a debt limitation on the County, however, a debt policy has been adopted by the Board to ensure that no undue burden is placed on the County and its taxpayers. The following administrative policies provide the framework to limit the use of debt in Prince William County: The County will maintain a high credit rating in the financial community to: 1) assure the County’s taxpayers that the County government is well managed and financially sound; 2) obtain reduced borrowing costs. The County will consider long-term debt financing when appropriate.
572
[General Debt/CIP]
5.01 The County will consider the project and its useful life and utilize the most appropriate method to finance the project. Financing may include debt financing or “pay as you go” or other financing sources. 5.02 Whenever the County finds it necessary to issue tax supported bonds, the following policy will be adhered to: a) Tax supported bonds will, whenever feasible, be issued on a competitive basis unless market conditions favor negotiated sales. b) Average weighted maturities for general obligation bonds of the County, and whenever possible for any type of annual appropriation debt, will be maintained at ten and one half (10 1/2-) years. c) General obligation bond issues, and whenever possible for any type of annual appropriation debt, will be structured to allow an equal principal amount to be retired each year over the life of the issue thereby producing a total debt service with an annual declining balance. d) Annual tax supported debt service expenditures for all debt of the County shall not exceed 10% of annual revenues. e) Total bonded debt will not exceed 3% of the net assessed valuation of taxable real and personal property in the County. f ) Bond financing will be confined to projects which would not otherwise be financed from current revenues. g) The term of any bond note or lease obligation issue will not exceed the useful life of the capital project/ facility or equipment for which the borrowing is intended. 5.03 The County shall comply with all U.S. Internal Revenue Service rules and regulations regarding issuance of tax exempt debt including arbitrage rebate requirements for bonded indebtedness, and with all Securities and Exchange Commission requirements for continuing disclosure of the County’s financial condition, and with all applicable Municipal Securities Rulemaking Board requirements. 5.04 The County shall comply with all requirements of the Public Finance Act as included in Title 15.2 of the Code of Virginia and other legal requirements regarding the issuance of bonds and certificates of the County or its debt issuing authorities.
Prince William County | Proposed 2011 Budget
General Debt 5.05 The County shall employ the “Principles of Sound Financial Management” in any request from a County agency or outside jurisdiction or authority for the issuance of debt. 5.06 The issuance of variable rate debt by the County will be subject to the most careful review and will be issued only in a prudent and fiscally responsible manner. 5.07 The County will adhere to the following guidelines when it finds it necessary to issue revenue bonds, a) For any bonds or lease anticipation or appropriation debt in which the debt service is partially paid from revenue generated by the project and partially paid from tax sources, the portion of the bond or lease to the extent that its debt service is paid from non tax sources shall be deemed to be revenue bonds and are excluded from the calculation of the annual debt service limitation in Policy 5.02d and 5.02e. b) Revenue bonds of the County and any of its agencies will be analyzed carefully by the Department of Finance for fiscal soundness. The issuance of County revenue bonds will be subject to the most careful review and must be secured by covenants sufficient to protect the bondholders and the credibility of the County. c) Revenue bonds will, whenever feasible, be issued on a competitive basis and will be structured to allow an approximately equal annual debt service amount over the life of the issue. d) Reserve funds, when required, will be provided to adequately meet debt service requirements in the subsequent years. e) Interest earnings on the reserve fund balances will only be used to pay debt service on the bonds. f ) The term of any revenue bond or lease obligation issue will not exceed the useful life of the capital project or equipment for which the borrowing is intended. 5.08 The County will not use debt financing to fund current operations. 5.09 The County does not intend to issue bond anticipation notes (BANs), tax anticipation notes (TANs), or revenue anticipation notes (RANs) for a period longer than two years. If the BAN is issued for a capital project, the BAN will be converted to a long-term bond or redeemed at its maturity.
Prince William County | Proposed 2011 Budget
[General Debt/CIP]
573
General Debt Debt Capacity
Debt Service Capacity - County & Schools Debt Service Capacity - County & Schools
The Debt Service Capacity chart highlights the County’s current debt service obligations with the addition of the County Capital Improvement Program (CIP) projects. The County’s future debt service averages 9.1% of total revenues in FY 11-16. The CIP is projecting issuance of school debt only throughout FY 11-16.
12.00%
10.00%
8.00% CIP Debt Service
6.00%
Existing Debt Service
4.00%
10% of Total Revenues
2.00%
0.00% 2011
2012
2013
2014
2015
2016
Fiscal Years
Debt Outstanding as Percent of Assessed Value
Debt as a Percentage of Assessed Value
Outstanding Debt as a % of Assessed Value
3.5%
The graph to the right illustrates the County’s success in maintaining the debt level below 3% of the net assessed valuation of taxable property in the County as set forth in the County’s Principles of Sound Financial Management.
3.0%
2.5% CIP Debt as a % of Assessed Value
2.0% Existing Debt as a % of Assessed Value
1.5% 3% of Assessed Value
1.0%
0.5%
0.0% 2011
2012
2013
2014
2015
2016
Fiscal Years
Debt Service Capacity - County & Schools Debt Service Capacity - County & Schools
Debt Service $180,000 $160,000 $140,000 $120,000
$ 000's
The graph to the right illustrates the County’s and the School’s total debt service obligation in principal and interest payments over the next six years. The tables on the next three pages include debt service payments for the County’s and the Schools’ debt service projections through FY 16.
$100,000
CIP Debt Service
$80,000 Existing Debt Service
$60,000 10% of Total Revenues
$40,000 $20,000 $0,000 2011
2012
2013
2014
2015
2016
Fiscal Years
574
[General Debt/CIP]
Prince William County | Proposed 2011 Budget
General Debt Funding by Project, 6 Year Projection Existing Debt Service on County Projects: 234 Bypass Adult Detention Center Adult Detention Center - Variable Rate Note Antioch Volunteer Fire Station (Fire Levy) Ashton Avenue North Ashton Avenue South ATCC Benita Fitzgerald Birchdale Vol. Fire Station (Fire Levy) BMX Bull Run Library Bull Run Mountain Roads Tar & Chip Cardinal Drive Chinn Library Delaney Land Parcel Acquisition Development Services Building Facilities General Heathcote Hellwig Park Innovation Loop Road Judicial Center Juvenile Detention Center Phase II Liberia Extended Linton Hall ( Nokesville)Fire Station (Fire Levy) Linton Hall Road Minnieville Road (existing) Minnieville Road (Old Bridge to Caton Hill) Minnieville Road (Cardinal to Spriggs) Old Bridge Owens Building Parks General Parkway Extention to Rt. 1 Police Driver Training Track Prince William Golf Irrigation & Stormwater Improvements Prince William Parkway Public Safety Training Center PW Parkway Intersection Imprmts at Minnieville PW Parkway Intersection Imprmts at Old Bridge Ridgefield Road Rt 1 Intersection Rt 1 Dale to Featherstone Rt 1 Joplin to Brady's Hill Rt 15 James Madison Hwy (Rt. 15 N & S, Old Carolina, Waterfall) River Oaks Vol. Fire Station (Fire Levy) Spicer Fire Station ( Fire Levy) Sportsfields Spriggs Phase I Spriggs Road Phase II Sudley Manor Drive Sudley Park Land Acquisition Sudley Road Valley View Park Veterans Park Wellington Road Wellington Station Road Western District Police Station Yorkshire Fire Station (Fire Levy) Subtotal County Existing Debt Service
$
$
FY 11 378,844 $ 4,230,282 165,000 471,234 60,611 182,648 1,236,263 350,572 409,695 26,498 181,689 223,226 591,842 181,138 588,406 2,604,533 1,868,970 514,719 387,346 158,871 1,533,383 492,254 320,822 528,290 1,143,707 230,739 1,906,047 964,289 47,141 427,851 159,850 744,021 488,215 55,480 4,467,841 482,819 208,533 239,608 459,272 222,700 1,017,259 3,706,791 3,074,598
FY 12 206,738 $ 4,156,969 165,000 459,239 53,673 161,741 1,233,638 342,312 402,082 26,148 128,420 223,226 524,095 575,700 2,548,293 1,207,170 502,591 379,440 151,166 1,493,884 479,574 284,098 513,811 1,114,119 225,117 1,861,654 942,586 41,756 416,830 724,307 476,615 54,282 3,742,981 398,103 203,420 233,733 450,867 216,184 995,784 3,625,630 3,002,942
FY 13 64,412 $ 6,259,988 165,000 446,320 50,009 150,701 1,234,888 334,052 393,931 25,177 124,056 111,613 488,323 562,556 2,490,114 1,178,958 490,464 370,445 145,799 1,466,010 470,626 264,707 499,704 1,086,163 219,683 1,815,112 919,975 38,913 409,052 704,758 465,015 53,042 2,147,827 384,574 197,667 227,123 436,777 209,668 972,083 3,536,650 2,925,875
FY 14 61,207 $ 6,108,888 165,000 433,400 47,694 143,724 1,232,488 325,792 386,181 24,256 117,894 465,714 548,536 2,428,056 1,158,985 478,337 361,312 140,631 1,408,844 452,274 252,451 485,419 1,060,148 214,249 1,768,254 897,250 37,116 393,101 685,070 453,415 51,721 2,043,925 365,472 191,275 219,779 423,164 203,152 948,103 3,447,399 2,848,758
FY 15 55,513 $ 5,954,775 165,000 415,584 45,310 136,539 1,236,113 316,075 378,343 23,360 111,548 442,432 534,517 2,365,998 1,132,125 464,069 353,816 135,548 1,362,087 437,264 239,831 470,465 1,033,743 208,253 1,720,108 873,220 37,660 380,055 664,160 441,815 50,399 1,937,053 345,780 184,557 212,059 409,272 196,473 926,522 3,362,136 2,772,766
FY 16 5,802,382 165,000 402,869 101,145 1,230,613 306,357 368,824 22,413 327,743 516,086 2,284,416 1,108,825 449,802 345,911 130,202 1,310,409 420,674 177,661 455,392 994,768 202,445 1,670,459 848,849 26,051 365,636 642,630 430,215 48,661 148,519 178,819 199,607 395,074 189,010 904,107 3,273,492 2,691,640
445,163 344,523 203,776 1,074,172 2,352,265 1,892,514 57,916 230,966 226,614 98,890 407,736 60,849 1,586,399 332,504
433,538 340,080 198,979 1,048,923 2,287,704 1,844,890 56,632 179,789 222,963 96,475 396,672 60,007 1,584,406 330,804
421,913 310,908 193,961 1,019,248 2,217,794 1,792,253 55,114 173,679 215,421 94,141 385,752 57,722 1,585,178 333,680
410,275 164,446 188,973 987,360 2,152,535 1,734,604 53,617 165,052 208,199 91,807 374,832 55,555 1,588,458 330,940
398,625 159,780 183,542 953,846 2,086,790 1,674,200 52,019 156,168 200,991 89,232 363,313 53,445 1,583,973 332,745
386,975 154,527 178,233 923,990 2,020,602 1,620,588 50,435 193,510 86,737 351,123 51,218 1,587,363 334,005
47,048,182
Prince William County | Proposed 2011 Budget
$
44,027,779
$
43,394,572
$
41,985,087
[General Debt/CIP]
$
40,821,013
$
37,076,011
575
General Debt Funding by Project, 6 Year Projection Existing Debt Service on School Projects: Air Conditioners/Gym Renovations $ Architectural & Eng. Services Ashland ES Ashland ES Addition Ashton ES Bel Air ES Addition Bennett ES Benton MS Benton MS Site Blackburn Traditional School Braemar ES Braemar MS Brentsville HS Renewal Brightwood ES Bristow Run ES Addition Catharpin MS Dale City ES Addition Dominion ES Featherstone ES Renewal Forest Park HS Four Year Trail ES General School Projects - 1991 General non specific School Projects General School Renovations Godwin MS Addition Graham Park MS Addition Graham Park MS Renewal Kettle Run HS, Ph I Kettle Run HS, Ph II Kettle Run HS, Ph III Kilby ES Renewal Kingsbrooke ES Lake Ridge MS Renewal Lightner ES Lynn MS Renewal Marumsco ES Addition Mill Park ES Montclair ES Addition Mountain View ES Addition Newport ES Nineth High School Occoquan ES Addition Old Bridge ES Parkside MS Renewal Potomac View ES Addition Queen Chapel ES Rippon MS Renewal Rockledge ES Addition Saunders MS Renewal School Administration Building School Site Acquisitions Signal Hill ES Southbridge ES Stonewall MS Renewal Tech Electrical Upgrade Tech Labs Tenth HS Transportation Center, Mid County Transportation Center, West Triangle ES Replacement Phase I Triangle ES Replacement Phase II Tyler ES Wentworth Green MS Woodbridge MS Renewal Vaughn ES Addition Yorkshire ES Replacement Subtotal School Existing Debt Service $
FY 11 41,855 $ 75,548 867,529 321,660 933,318 282,892 612,707 702,109 79,315 933,318 863,799 1,193,848 397,616 1,834,856 147,776 1,495,738 63,398 911,134 211,680 1,192,847 1,135,536 418,335 12,009,117 1,862,384 183,454 63,398 207,248 266,536 590,551 3,272,338 234,360 730,335 37,009 411,286 251,658 365,157 1,834,856 221,710 95,075 680,786 3,521,709 95,075 411,286 429,298 295,498 680,700 37,009 473,861 37,009 2,487,406 947,055 872,494 792,476 346,969 188,345 209,272 3,887,881 373,327 179,077 705,911 1,611,749 114,738 1,167,065 37,009 559,887 2,146,695 60,642,873 $
Total Existing Debt Service $ 107,691,055
576
[General Debt/CIP]
FY 12 41,257 $ 72,959 836,994 312,859 904,107 275,151 585,771 676,813 75,828 904,107 832,679 1,151,826 391,936 1,784,650 143,151 1,442,450 61,114 880,196 206,080 1,175,806 1,099,997 402,545 11,345,573 1,805,309 177,811 61,114 204,510 259,243 576,500 3,194,449 228,160 702,138 36,520 390,277 248,333 356,469 1,784,650 215,643 91,847 650,857 3,395,120 91,847 390,277 423,627 288,467 654,420 36,520 462,586 36,520 2,417,522 920,447 845,495 763,926 338,280 185,654 206,282 3,749,831 361,643 172,774 689,115 1,573,385 111,515 1,134,276 36,520 545,790 2,093,343 58,512,861 $
$ 102,540,640
$
FY 13 39,644 $ 70,482 808,503 304,058 875,595 267,410 558,604 651,517 72,311 875,595 803,225 1,112,618 376,618 1,734,445 138,636 1,392,357 58,953 849,258 200,410 1,129,853 1,065,307 10,952,832 1,748,109 171,644 58,953 196,912 251,950 560,921 3,125,119 221,883 673,620 35,163 369,268 239,107 346,836 1,734,445 209,577 88,619 620,671 3,277,354 88,619 369,268 407,888 280,672 627,840 35,163 450,086 35,163 2,347,637 893,839 818,125 736,904 328,621 178,398 198,220 3,620,879 350,238 166,893 670,493 1,539,238 108,291 1,101,487 35,163 530,531 2,036,058 56,224,096 $
FY 14 38,114 $ 67,949 781,375 295,256 847,083 259,670 531,321 626,527 68,780 847,083 772,750 1,075,286 362,084 1,684,239 134,122 1,342,487 56,716 819,701 194,600 1,086,253 1,030,617 10,384,741 1,690,847 165,779 56,716 189,709 244,657 545,343 3,047,230 215,450 644,780 33,877 348,132 230,361 337,203 1,684,239 203,510 85,534 590,357 3,165,462 85,534 348,132 392,968 272,876 600,960 33,877 437,585 33,877 2,277,753 867,231 790,383 708,945 318,827 171,514 190,571 3,497,801 338,833 161,293 651,871 1,500,874 105,067 1,068,698 33,877 515,197 1,978,832 54,169,316 $
FY 15 36,625 $ 65,417 753,565 286,455 818,571 251,930 503,865 602,149 65,226 818,571 742,276 1,037,016 347,933 1,634,033 129,607 1,292,048 54,479 791,526 188,650 1,043,798 995,927 10,048,987 1,633,492 159,832 54,479 182,699 237,364 529,764 2,967,741 208,863 615,940 32,625 221,849 327,570 1,634,033 197,444 82,594 559,850 3,055,599 82,594 378,447 265,081 574,080 32,625 425,085 32,625 2,207,868 840,623 762,270 680,987 308,863 164,810 183,123 3,376,751 327,429 155,553 633,249 1,461,723 101,844 1,035,910 32,625 4,999,863 1,921,577 56,195,997 $
FY 16 35,053 62,884 725,756 277,654 790,059 244,189 476,236 577,465 61,649 790,059 711,801 998,746 332,997 1,583,827 125,093 1,241,610 52,242 762,328 182,490 998,992 961,238 9,710,873 1,576,043 153,815 52,242 175,293 230,071 514,185 2,891,688 202,043 587,100 31,302 212,856 317,937 1,583,827 191,377 79,547 529,151 2,924,152 79,547 363,108 257,286 547,200 31,302 412,584 31,302 2,137,984 814,016 733,040 653,028 298,520 157,736 175,262 3,234,118 316,023 149,812 614,627 1,424,264 98,620 1,003,120 31,302 484,529 1,864,321 49,868,521
99,618,668
96,154,403
97,017,010
86,944,532
$
$
$
Prince William County | Proposed 2011 Budget
General Debt Debt Funded Projects in the CIP New Debt Service , Current CIP Projects: County Route 1 - Joplin to Brady's Hill University Boulevard
$
Subtotal County New CIP Debt $ Schools Linton Hall/Wellington ES Swan's Creek ES Silver Lake Middle S Potomac MS Addition Penn ES 7 Room Addition Featherstone ES 6 Room Addition Kettle Run High School Phase IV Middle S West (Avondale) Dumfries ES Partial Renewal Kettle Run ES Pace West Replacement Pattie ES Partial Renewal East Harbor Stn ES Nokesville ES Addition Benton MS Addition Bus Parking Lot Bus Parking/Fuel Center Potomac HS Addition Rippon MS 8 Room Addition Stonewall ES (TBD) Haymarket ES Parkside MS Addition 12th High School 13th High School ES West (TBD) Westridge ES 6 Room Addition River Oaks ES Addition Henderson ES Addition Neabsco ES Addition
$
FY 11 473,575 $ 1,379,875
FY 12 462,359 $ 1,347,194
FY 13 451,143 $ 1,314,513
FY 14 439,926 $ 1,281,831
FY 15 428,710 $ 1,249,150
FY 16 417,494 1,216,469
1,853,450
1,809,553
1,765,656
1,721,757
1,677,860
1,633,963
$
FY 11 2,356,000 $ 2,009,250 3,542,075 2,261,000 -
$
FY 12 2,300,200 $ 476,500 4,076,663 3,458,184 2,207,450 802,600 836,000 101,000 765,500 300,000 413,000 -
$
FY 13 2,244,400 $ 464,588 3,976,200 776,800 582,000 3,374,293 382,500 2,153,900 782,535 332,500 815,100 724,700 98,475 1,511,863 2,804,600 500,000 402,675 -
$
FY 14 2,188,600 $ 452,675 3,875,738 757,380 567,450 3,290,401 372,938 2,100,350 762,470 324,188 794,200 706,583 95,950 1,473,588 2,734,298 2,957,535 1,032,675 1,537,500 392,350 582,750 697,515 551,670
$
FY 15 2,132,800 $ 440,763 3,775,275 737,960 552,900 635,880 3,206,510 363,375 2,046,800 742,405 315,875 3,104,850 773,300 688,465 93,425 1,435,313 2,663,995 2,880,076 1,005,629 6,792,755 3,104,850 382,025 567,488 679,247 537,222
FY 16 2,077,000 428,850 3,674,813 718,540 538,350 619,226 3,122,619 315,000 353,813 1,993,250 722,340 307,563 3,023,533 752,400 670,348 90,900 469,035 1,397,038 695,100 2,593,693 2,802,617 978,583 11,909,325 630,000 3,023,533 371,700 552,225 660,979 522,773
Subtotal Schools New CIP Debt $
10,168,325
$
15,737,097
$
21,927,129
$
28,248,804
$
39,659,183
$
46,015,146
Subtotal New CIP Debt Service $
12,021,775
$
17,546,650
$
23,692,785
$
29,970,561
$
41,337,043
$
47,649,109
Total General Debt Total County Existing Debt Total Schools Existing Debt
FY 11 47,048,182 $ 60,642,873
FY 12 44,027,779 $ 58,512,861
FY 13 43,394,572 $ 56,224,096
FY 14 41,985,087 $ 54,169,316
FY 15 40,821,013 $ 56,195,997
FY 16 37,076,011 49,868,521
1,853,450 10,168,325
1,809,553 15,737,097
1,765,656 21,927,129
1,721,757 28,248,804
1,677,860 39,659,183
1,633,963 46,015,146
Grand Total All Debt Service $ 119,712,830
$ 120,087,290
$ 123,311,453
$ 126,124,964
$ 138,354,053
$ 134,593,641
$
Total County New CIP Debt Total Schools New CIP Debt
Debt Program Admin Expenses Other Debt Service Costs Investment Fees on Unspent Bond Proceeds
FY 11 80,000 $ 20,000
$
Subtotal Administrative Expenses $
100,000
Total General Debt $ 119,812,830
Funding Sources Rent from ATCC Transfer in From Fire Levy PW Parkway Transportation District 234 Bypass Transportation District Interest Earned on Unspent Bond Proceeds
$
Subtotal Funding Sources $
$
FY 12 80,000 $ 20,000 100,000
$ 120,187,290
$
FY 13 80,000 $ 20,000 100,000
$ 123,411,453
$
FY 14 80,000 $ 20,000 100,000
$ 126,224,964
$
FY 15 80,000 $ 20,000 100,000
$ 138,454,053
FY 16 80,000 20,000
$
100,000
$ 134,693,641
FY 11 636,375 $ 2,003,118 2,546,250 226,590 41,000
FY 12 636,375 $ 1,965,743 2,673,563 23,792 41,000
FY 13 636,375 $ 1,906,751 2,887,448 256,953 41,000
FY 14 636,375 $ 1,725,242 3,002,945 267,231 41,000
FY 15 636,375 $ 1,685,077 277,920 41,000
FY 16 636,375 1,647,200 286,258 41,000
5,453,333
5,340,473
5,728,527
5,672,793
2,640,372
2,610,833
Net General Tax Support $ 114,359,497
Prince William County | Proposed 2011 Budget
$
$ 114,846,818
$
$ 117,682,926
$
$ 120,552,171
[General Debt/CIP]
$
$ 135,813,681
$
$ 132,082,809
577
Capital Improvement Program Overview of the Development of the Capital Improvement Program in Prince William County The Prince William County financial and program planning ordinance requires that the County Executive prepare a capital plan annually. The Capital Improvement Program (CIP) is guided by the Board of County Supervisors’ (BOCS) adopted Strategic Plan, Comprehensive Plan and Principles of Sound Financial Management. Together these policy documents require that the CIP: § Incorporate the goals and strategies of the Strategic Plan; § Demonstrate an identifiable revenue source for each project; § Meet the debt financing policies in the Principles of Sound Management; and, § Integrate County government projects with school projects, making up one affordable plan. In Prince William County, the capital planning process begins each summer when agencies are asked to provide the Office of Executive Management with identified capital project needs. The agency submissions are collaboratively evaluated by staff from the Finance Department, Department of Public Works, the Office of Information Technology, Department of Transportation, the Planning Office, and the Office of Executive Management staff. Funding requests are prioritized using criteria that include their relationship to the community’s goals as expressed through the County’s Strategic and Comprehensive Plans, completion of projects already underway, and mandated improvements to County infrastructure, and then balanced against available funds. Once evaluated, the recommendations are reviewed, modified and sanctioned by the County Executive.
Annual Capital Review In order to provide the Board of County Supervisors and the County Executive with regular status reports, capital project updates are reported by means of: § Quarterly Project Reports (QPR), § Monthly Department of Transportation Reports, § Park Authority Quarterly Reports, and § Economic Development Quarterly Reports. Each report highlights applicable active projects, major milestones to be met by the project, completion dates for each milestone, and a narrative explaining the current project status. In the spring, prior to the start of year-end activity, the Finance Department conducts a review of activity in the capital fund. Relevant findings are forwarded to each of the project managers and provides project managers an opportunity for feedback. This layer of review provides the foresight necessary for the planning process in the ensuing fiscal year. The Capital Budget The FY 11 capital budget for the County is $184,097,871, including $114,723,871 for the County Government and $69,374,000 for Prince William County Schools. Funding sources for these projects include the general fund ($1,264,229), debt ($58,096,000), solid waste ($11,800,000) and stormwater management ($606,800) fees, proffers ($1,105,918), the Transportation Reserve ($1,500,000), the Internal Service Fund Balance ($4,000,000), State and Federal funds ($94,446,924), and Schools’ cash on hand ($11,278,000). No revenues are anticipated from the projects included in the FY 11 Capital Budget or the FY 11-16 CIP.
After the projects are approved by the County Executive, the CIP is forwarded to the BOCS for review in the month of December. In the spring, worksessions and public hearings are held with the Planning Commission and then with the BOCS as part of the annual budget process. In late April, the BOCS considers and adopts a capital plan for six fiscal years and a capital budget for the ensuing fiscal year.
578
[General Debt/CIP]
Prince William County | Proposed 2011 Budget
Capital Improvement Program FY 2011-2016 CIP Projects The following are the proposed projects listed in the Capital Improvement Program.
A. Community Development 1. Historic Preservation § Ben Lomond Historic Site § Brentsville Courthouse § Bristoe Station Battlefield Heritage Park § Rippon Lodge 2. Parks and Recreation § Land Acquisition § Potomac Heritage National Scenic Trail § Sports Field Improvements § Trail Development § Veterans Park Improvement 3. Watershed Management § Broad Run Watershed § Bull Run Watershed § Cedar Run Watershed § County-wide Watersheds § Flat Branch Flood Control § Marumsco Creek Watershed § Neabsco Creek Watershed § Occoquan River Watershed § Powell’s Creek Forebay At Lake Montclair § Powell’s Creek Watershed § Quantico Creek Watershed
C. Transportation 1. Transportation § Dale Boulevard/Benita Fitzgerald Road Intersection Improvements § Fuller/Fuller Heights Road Intersection Improvements § Glenkirk Road Improvements § Prince William Parkway (Hoadly to Old Bridge) § Purcell Road Widening (Route 234 to Vista Brooke) § Route 1 Improvements (Joplin to Bradys Hill) § Route 28 (Vint Hill to Fitzwater) § Six-Year Secondary Road Plan § Transportation and Roadway Improvement Program § University Boulevard (Hornbaker to Sudley Manor) § University Boulevard (Wellington to Rollins Ford)
D. General Government 1. Solid Waste Administration § Landfill Caps § Landfill Liners § Landfill Wetlands Mitigation 2. Technology Improvement § Cable Equipment § Technology Improvement Plan
B. Public Safety 1. Fire and Rescue § Bacon Race Fire and Rescue Station § Innovation Fire and Rescue Station § River Oaks Fire and Rescue Station 2. Judicial Administration § Adult Detention Center Expansion Phase I
Prince William County | Proposed 2011 Budget
[General Debt/CIP]
579
Capital Improvement Program E. Education 1. County § Northern Virginia Community College 2. PWC Schools § Belmont Elementary School Addition § Benton Middle School Addition § Featherstone Elementary School Addition § Henderson Elementary School Addition § Kilby Elementary School Addition § Neabsco Elementary School Addition § Nokesville Elementary School Addition § Parkside Middle School Addition § Penn Elementary School Addition § Potomac High School Addition § Potomac Middle School Addition § Rippon Middle School Addition § River Oaks Elementary School Addition § Swans Creek Elementary School Addition § Westridge Elementary School Addition § Dumfries Elementary School Partial Renewal § Pattie Elementary School Partial Renewal § Pace West Replacement § 12th High School (Route 234) § 13th High School § East Harbor Station Elementary School § Haymarket Elementary School § Wood Elementary School § Silver Lake Middle School § Stonewall Elementary School § Wellington Elementary School § Elementary School (TBD) § Elementary School (West) § Middle School (West – Avendale) § Bus Parking Lot § Bus Parking/Fuel Center (West I-66) § Cash-Funded Repairs and Renewals § Technology Refresh Program
580
[General Debt/CIP]
Prince William County | Proposed 2011 Budget
Capital Improvement Program Proffer Integration A major initiative in the FY 11-16 CIP is to integrate developer contributions, or proffers, into the CIP. Proffers are contributions of land, capital improvements, and funding from developers to address the demand for community services created by new development. The County has identified and programmed collected proffers in order to accomplish needed infrastructure improvements. The FY 11 Capital budget includes $1.1 million in budgeted proffers.
Prior Proffers Historic Properties
Proffers Identified
$35,400 $90,000
Brentsville Historic Courthouse Bristoe Station Battlefied Park
Parks and Recreation
Total Proffer Funding 35,400 90,000
2,640,494 8,000 404,401 274,401 621,789
36,985 240,554 91,893
2,677,479 8,000 644,955 366,294 621,789
$3,949,085
$369,432
$4,318,517
747,233 2,441,948 1,134,018
53,719 30,901
800,952 2,441,948 1,164,919
$4,323,199
$84,620
$4,407,819
4,380,327 1,147,775 1,830,218 913,366 400,000
651,866
4,380,327 1,147,775 1,830,218 913,366 1,051,866
Subtotal
$8,671,686
$651,866
$9,323,552
Grand Total
$16,943,970
$1,105,918
$18,049,888
Land Acquisition Potomac Heritage National Scenic Trail Sports Field Improvements Trail Development Veterans Park
Subtotal Fire and Rescue Bacon Race Fire and Rescue Station Innovation Fire and Rescue Station River Oaks Fire and Rescue Station
Subtotal Transportation PW Parkway (Hoadly to Old Bridge) Route 1 Improvements (Neabsco Mills to Featherstone) Route 1 Improvements (Joplin to Brady) Route 28 (Linton Hall to Fitzwater) University Boulevard (Hornbaker to Sudley Manor)
In addition to the projects listed in the CIP, several projects will receive proffer allocations in FY 11 to begin to build sufficient revenue for use at some future date: § Chinn Park § Fuller Heights Park
$151,416 $228,757
Projected Proffers Given the current economic conditions and the related impact on development, the FY 11-16 CIP does not include projected proffer contributions. Proffer projections will be included in future CIPs once the market rebounds and we can better anticipate development trends.
Prince William County | Proposed 2011 Budget
[General Debt/CIP]
581
Capital Improvement Program FY 11-16 CIP Strategic Goal Summary The following table indicates FY 11-16 CIP expenditures by Strategic Goal for both general County government and the Schools, totaling $834,902,503. Of this amount, $635,594,000 represents new construction, capital maintenance and technology upgrades for Prince William County Schools. The County portion of this CIP is $199,308,503.
Community Development Historic Preservation
Ben Lomond Historic Site Brentsville Courthouse Bristoe Station Battlefield Heritage Park Rippon Lodge
Prior Years $ $ $ $
1,270,843 2,695,452 288,750 3,675,405
Subtotal $ 7,930,450
Parks and Recreation
Land Acquisition Potomac Heritage National Scenic Trail Sports Field Improvements Trail Development Veterans Park Improvements
$ $ $ $ $
2,460,494 1,017,803 1,044,282 356,393 621,789
Subtotal $ 5,500,761
Watershed Management
Broad Run Watershed Bull Run Watershed Cedar Run Watershed County-wide Watersheds Flat Branch Flood Control Marumsco Creek Watershed Neabsco Creek Watershed Occoquan River Watershed Powell's Creek Forebay at Lake Montclair Powell's Creek Watershed Quantico Creek Watershed
$ $ $ $ $ $ $ $ $ $ $
483,626 706,082 29,111 252,458 507,374 453,903 1,061,530 881,240 75,000 355,955 722,576
Current Year $ $ $ $
62,874 637,162 421,520
FY 11 $ $ $ $
-
FY 12 $ $ $ $
-
FY 13 $ $ $ $
-
FY 14 $ $ $ $
-
FY 15 $ $ $ $
-
FY 16 $ $ $ $
-
FY 11-16 $ $ $ $
-
$ 1,121,556
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ $ $ $ $
$ $ $ $ $
$ $ $ $ $
$ $ $ $ $
$ $ $ $ $
$ $ $ $ $
$ $ $ $ $
$ $ $ $ $
1,250,000 -
36,985 240,554 91,893 -
-
-
-
-
-
36,985 240,554 91,893 -
$ 1,250,000
$ 369,432
$ -
$ -
$ -
$ -
$ -
$ 369,432
$ $ $ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $ $ $
$ $ $ $ $ $ $ $ $ $ $
5,000 50,000 5,000 75,000 50,000 20,000 542,000 20,800 15,000 51,000 223,000
5,000 100,000 5,000 65,000 50,000 70,000 92,000 20,800 50,000 76,000 73,000
5,000 100,000 5,000 65,000 50,000 70,000 92,000 20,800 50,000 76,000 73,000
5,000 100,000 5,000 65,000 50,000 70,000 92,000 20,800 50,000 76,000 73,000
5,000 100,000 5,000 65,000 50,000 70,000 92,000 20,800 50,000 76,000 73,000
5,000 100,000 5,000 65,000 50,000 70,000 92,000 20,800 50,000 76,000 73,000
5,000 100,000 5,000 65,000 50,000 70,000 92,000 20,800 50,000 76,000 73,000
30,000 600,000 30,000 390,000 300,000 420,000 552,000 124,800 300,000 456,000 438,000
Subtotal $ 5,528,855
$ 1,056,800
$ 606,800
$ 606,800
$ 606,800
$ 606,800
$ 606,800
$ 606,800
$ 3,640,800
Grand Total (Community Development) $ 18,960,066
$ 3,428,356
$ 976,232
$ 606,800
$ 606,800
$ 606,800
$ 606,800
$ 606,800
$ 4,010,232
Economic Development Prior Years
Current Year
FY 11
FY 12
FY 13
FY 14
FY 15
FY 16
FY 11-16
Grand Total (Economic Development) $ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Economic Development
$
-
Page 1 of 1
582
[General Debt/CIP]
Prince William County | Proposed 2011 Budget
Capital Improvement Program FY 11-16 CIP Strategic Goal Summary (continued) Education FY 11
Education
Northern Virginia Community College Belmont Elementary School Addition Benton Middle School Addition Featherstone Elementary School Addition Henderson Elementary School Addition Kilby Elementary School Addition McAuliffe Elementary School Addition Neabsco Elementary School Addition Nokesville Elementary School Addition Parkside Middle School Addition Penn Elementary School Addition Potomac High School Renewal/Addition Potomac Middle School Addition Rippon Middle School Addition River Oaks Elementary School Addition Swans Creek Elementary School Addition Westridge Elementary School Addition Elementary School Addition (TBD) Dumfries Elementary School Partial Renewal Pattie Elementary School Partial Renewal Pace West Replacement 12th High School (234) 13th High School East Harbor Station Elementary School Haymarket Elementary School Silver Lake Middle School Stonewall Elementary School Elementary School (TBD) Elementary School (West) Middle School (West-Avendale) Bus Parking Lot Bus Parking Lot/Fuel Center (West I-66) Cash Funded Repairs & Renewals Technology Refresh Program
$
-
Grand Total (Education)
$
405,408
$ 405,408
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
507,229 8,360,000 7,655,000 4,765,000 4,130,000 8,026,000 21,150,000 3,000,000 1,010,000 7,080,000 4,198,000
$ 69,881,229
FY 12 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
540,206 7,247,000 5,820,000 7,655,000 7,768,000 3,825,000 3,325,000 5,000,000 25,121,000 6,500,000 4,282,000
FY 13 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
$ 77,083,206
554,236 6,643,000 5,254,000 9,835,000 5,550,000 10,000,000 28,167,000 38,398,000 4,376,000
FY 14 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
564,092 6,056,000 50,431,000 29,570,000 29,570,000 17,692,000 4,470,000
FY 15 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
573,947 6,620,000 50,431,000 6,000,000 3,000,000 4,467,000 44,267,000 4,565,000
FY 16 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
583,802 4,530,000 32,601,000 7,313,000 5,270,000 12,000,000 11,280,000 26,303,000 20,356,000 4,662,000
FY 11-16 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
3,323,512 4,530,000 7,247,000 6,056,000 6,643,000 32,601,000 7,313,000 5,254,000 8,360,000 9,835,000 5,820,000 15,310,000 7,768,000 6,620,000 5,550,000 4,765,000 4,130,000 5,270,000 3,825,000 3,325,000 8,026,000 115,862,000 18,000,000 29,570,000 28,167,000 21,150,000 28,121,000 11,280,000 29,570,000 29,303,000 1,010,000 4,467,000 134,293,000 26,553,000
$ 108,777,236
$ 138,353,092
$ 119,923,947
$ 124,898,802
$ 638,917,512
FY 13
FY 14
FY 15
FY 16
FY 11-16
Public Safety Prior Years
Fire and Rescue
Bacon Race Fire and Rescue Station Innovation Fire and Rescue Station River Oaks Fire and Rescue Station
$ $ $
585,788 11,990,159 11,697,344
Subtotal $ 24,273,291
Judicial Administration
Adult Detention Center Expansion Phase I
$
79,931,414
Current Year $ $ $
161,445 292,593 280,394
$ 734,432
$
-
FY 11 $ $ $
53,719 30,901
$ 84,620
$
-
FY 12 $ $ $
-
$ $ $
$ -
$
-
$ -
-
$
-
$ $ $
-
$ -
$
-
$ $ $
-
$ -
$
-
$ $ $
-
$ -
$
-
$ $ $
53,719 30,901
$ 84,620
$
-
Subtotal $ 79,931,414
$ -
$ -
$ -
$ -
$ -
$ -
$ -
$ -
Grand Total (Public Safety) $ 104,204,705
$ 734,432
$ 84,620
$ -
$ -
$ -
$ -
$ -
$ 84,620
Page 1 of 1
Transportation Transportation
Prior Years
Dale Blvd/Benita Fitzgerald Dr. Intersection Fuller Rd/Fuller Heights Rd Improvements Glenkirk Road Improvements PW Parkway (Hoadly to Old Bridge) Purcell Road Widening Route 1 Improvements (Joplin to Brady) Route 1 Improvements (Neabsco Mills to Featherstone) Route 28 (Linton Hall to Fitzwater) Six Year Secondary Road Plan TRIP University Boulevard (Hornbaker to Sudley Manor) University Boulevard (Wellington to Rollins Ford)
$ $ $ $ $ $ $ $ $ $ $ $
1,124,375 2,837,596 617,268 56,603,716 21,011,270 18,731,596 6,200,000 149,612 -
Grand Total (Transportation) $ 107,275,433
Current Year $ $ $ $ $ $ $ $ $ $ $ $
515,000 2,658,546 2,117,143 10,702,731 4,189,151 21,421,315 (15,000,000) 5,913,336 427,818 1,520,000 14,930,000 1,000,000
$ 50,395,040
Prince William County | Proposed 2011 Budget
FY 11 $ $ $ $ $ $ $ $ $ $ $ $
58,000,000 36,000,000 446,924 1,500,000 651,866 -
$ 96,598,790
FY 12 $ $ $ $ $ $ $ $ $ $ $ $
449,673 1,500,000 -
$ 1,949,673
FY 13 $ $ $ $ $ $ $ $ $ $ $ $
452,438 1,500,000 -
$ 1,952,438
FY 14 $ $ $ $ $ $ $ $ $ $ $ $
455,219 -
$ 455,219
[General Debt/CIP]
FY 15 $ $ $ $ $ $ $ $ $ $ $ $
458,019 -
$ 458,019
FY 16 $ $ $ $ $ $ $ $ $ $ $ $
-
$ -
FY 11-16 $ $ $ $ $ $ $ $ $ $ $ $
58,000,000 36,000,000 2,262,273 4,500,000 651,866 -
$ 101,414,139
583
Capital Improvement Program FY 11-16 CIP Strategic Goal Summary (continued) General Government Prior Years
Solid Waste Administration
Landfill Caps Landfill Liners Landfill Wetland Mitigation
$ $ $
6,455,000 8,475,200 -
Subtotal $ 14,930,200
Technology Improvement
Cable Equipment Technology Improvement Plan
$ $
1,716,848 10,925,168
Current Year $ $ $
400,000 -
FY 11 $ $ $
5,250,000 6,500,000 50,000
FY 12 $ $ $
5,000,000 250,000 300,000
FY 13 $ $ $
300,000 3,400,000 300,000
FY 14 $ $ $
300,000 300,000
FY 15 $ $ $
300,000 250,000 300,000
FY 16 $ $ $
300,000 3,400,000 1,300,000
FY 11-16 $ $ $
11,450,000 13,800,000 2,550,000
$ 400,000
$ 11,800,000
$ 5,550,000
$ 4,000,000
$ 600,000
$ 850,000
$ 5,000,000
$ 27,800,000
$ $
$ $
$ $
$ $
$ $
$ $
$ $
$ $
582,928 983,638
582,928 4,174,072
582,928 28,864,072
582,928 8,061,072
582,928 15,231,072
582,928 1,174,072
582,928 1,674,072
3,497,568 59,178,432
Subtotal $ 12,642,016
$ 1,566,566
$ 4,757,000
$ 29,447,000
$ 8,644,000
$ 15,814,000
$ 1,757,000
$ 2,257,000
$ 62,676,000
Grand Total (General Government) $ 27,572,216
$ 1,966,566
$ 16,557,000
$ 34,997,000
$ 12,644,000
$ 16,414,000
$ 2,607,000
$ 7,257,000
$ 90,476,000
Total Project Costs Prior Years Community Development Economic Development Education
Current Year
FY 11
FY 12
FY 13
FY 14
FY 15
FY 16
FY 11-16
$18,960,066
$3,428,356
$976,232
$606,800
$606,800
$606,800
$606,800
$606,800
$0
$0
$0
$0
$0
$0
$0
$0
$4,010,232 $0
n/a
n/a
$69,881,229
$77,083,206
$108,777,236
$138,353,092
$119,923,947
$124,898,802
$638,917,512
Public Safety
$104,204,705
$734,432
$84,620
$0
$0
$0
$0
$0
$84,620
Transportation
$107,275,433
$50,395,040
$96,598,790
$1,949,673
$1,952,438
$455,219
$458,019
$0
$101,414,139
$230,440,204
$54,557,828
$167,540,871
$79,639,679
$111,336,474
$139,415,111
$120,988,766
$125,505,602
$744,426,503
$27,572,216
$1,966,566
$16,557,000
$34,997,000
$12,644,000
$16,414,000
$2,607,000
$7,257,000
$90,476,000
$258,012,420
$56,524,394
$184,097,871
$114,636,679
$123,980,474
$155,829,111
$123,595,766
$132,762,602
$834,902,503
Subtotal (All Goal Areas) General Government Grand Total (All Areas)
Page 1 of 1
Page 1 of 1
584
[General Debt/CIP]
Prince William County | Proposed 2011 Budget
Capital Improvement Program Operating Impact of the Capital Improvement Program The development and implementation of capital projects in Prince William County is normally accompanied by significant on-going operating costs throughout the life of the six-year capital improvement plan. However, the process used to develop the FY 11-16 CIP focused on projects that would not generate significant operating costs, and therefore there are no FY 11-15 operating impacts of County projects in the CIP.
Debt Service Impact of the Capital Improvement Program The debt financing of capital projects in Prince William County is accompanied by significant on-going debt service payments throughout the life of the six-year capital improvement plan. As illustrated in the following chart, the debt service impact of County projects in the FY 11-16 CIP is $70,681,478.
FY 11 Debt Service
Name of Project
Ben Lomond Historic Site Brentsville Courthouse Bristoe Station Battlefield Heritage Park Rippon Lodge Land Acquisition Potomac Heritage National Scenic Trail Trail Development Veterans Park Improvements Broad Run Watershed Bull Run Watershed Cedar Run Watershed County-wide Watersheds Flat Branch Flood Control Marumsco Creek Watershed Neabsco Creek Watershed Occoquan River Watershed Powell's Creek Forebay at Lake Montclair Powell's Creek Watershed Quantico Creek Watershed Bacon Race Fire and Rescue Station Innovation Fire and Rescue Station River Oaks Fire and Rescue Station Adult Detention Center Expansion Phase I Dale Blvd/Benita Fitzgerald Dr. Intersection Fuller Rd/Fuller Heights Rd Improvements Glenkirk Road Improvements PW Parkway (Hoadly to Old Bridge) Purcell Road Widening (Route 234 to Vista Brooke) Revenue Sharing Program Route 1 Improvements (Joplin to Brady) Route 1 Improvements (Neabsco Mills to Featherstone) Route 28 (Linton Hall to Fitzwater) Six Year Secondary Road Plan TRIP University Boulevard (Hornbaker to Sudley Manor) University Bouelvard (Wellington to Rollins Ford) Landfill Caps Landfill Liners Landfill Wetlands Mitigation Cable Equipment Technology Improvement Plan TOTAL
FY 12 Debt Service
FY 13 Debt Service
FY 14 Debt Service
FY 14 Debt Service
FY 16 Debt Service
TOTAL
$4,395,282
$4,321,969
$6,424,988
$6,273,888
$6,119,775
$5,967,382
$33,503,284
$4,180,366 $1,017,259
$4,087,989 $995,784
$3,987,793 $972,083
$3,887,325 $948,103
$3,790,846 $926,522
$3,690,986 $904,107
$23,625,304 $5,763,858
$1,379,875
$1,347,194
$1,314,513
$1,281,831
$1,249,150
$1,216,469
$7,789,032
$10,972,782
$10,752,936
$12,699,377
$12,391,147
$12,086,293
$11,778,944
$70,681,478
Prince William County | Proposed 2011 Budget
[General Debt/CIP]
585
Capital Improvement Program
586
[General Debt/CIP]
Prince William County | Proposed 2011 Budget
